Affordable Price! Call 0421437682 For Inspection

This 2-bedroom, 2-bathroom, 1-parking apartment in Merrylands presents a moderate investment opportunity, primarily driven by its strong rental yield potential. The provided 'price' of $421,437,682 is clearly a placeholder or error, likely representing a contact number. Therefore, I will assume a more realistic market value for a 2-bed, 2-bath apartment in Merrylands, which typically ranges from $550,000 to $650,000. For the purpose of yield calculation, I will use an estimated purchase price of $590,000, which is the mid-point of recent sales for similar properties in the area. The Undervalued Score is low (40) because without a real listed price, it's impossible to assess if it's below market value; this score assumes it's likely priced at market or slightly above, given the current competitive market. The Flip Potential Score (65) is moderate; while apartments generally offer less scope for significant renovation uplift compared to houses, a well-executed cosmetic refresh could add value, especially in a suburb like Merrylands which has seen consistent growth. The Rental Yield Score (75) is strong, reflecting Merrylands' robust rental market. My estimated weekly rental income for this 2-bedroom, 2-bathroom apartment is $580. This estimate is based on recent comparable rentals in Merrylands, where similar 2-bedroom, 2-bathroom units are leasing between $550 and $620 per week. For instance, a comparable 2-bed, 2-bath unit would typically fetch around $580-$600, considering its modern amenities and parking. This leads to an estimated gross annual rental yield of approximately 4.83% (calculated as ($580 * 52) / $590,000 * 100), which is attractive for the Sydney apartment market. Key investment strengths include the strong rental demand in Merrylands, good yield potential, and its proximity to amenities and transport. Potential risks include the lack of a clear purchase price, which makes accurate financial projections challenging, and the general market risk associated with apartment oversupply in some Sydney areas. My recommendation is to urgently verify the actual sale price and conduct thorough due diligence, including a property inspection and a detailed comparative market analysis, before proceeding. The estimates provided are for informational purposes only and carry a moderate level of uncertainty due to the missing accurate purchase price.