$3,000,000

This 2-bedroom, 2-bathroom apartment at 15D/161 Kent Street, Sydney, is listed at $3,000,000. Comparing it to the provided data, it sits at the higher end of the 2-bedroom market in terms of price. Comparable 2-bedroom units include one at $1,750,000 (est. rent $1350/wk) and another at $1,500,000 (est. rent $1200/wk). However, the subject property's price point ($3,000,000) is significantly higher than these, suggesting it is likely a premium offering within its building or location, potentially with superior views, finishes, or amenities not detailed in the brief. Given its high price and the substantial gap to other 2-bed comparables, we must consider it against the 3-bed comparable at $3,100,000 with an estimated rent of $3200/wk. While that's a 3-bed, it indicates the rental potential for high-end properties in this precinct. Considering the subject property's premium price point for a 2-bedroom unit, and its Kent Street address which often signifies high-end living, a realistic estimated weekly rent would be around $1800. This is higher than the general 2-bed comparables but reflects the likely premium nature implied by the $3M price tag. This estimate has a moderate confidence level, as the specific features justifying the price are not known, making it harder to perfectly align with the existing comparables. This rental estimate of $1800/week results in an estimated gross annual yield of approximately 3.12% ($1800 * 52 / $3,000,000 * 100). This yield is on the lower side for investment properties, typical for prime Sydney CBD luxury apartments where capital growth often outweighs immediate yield. Key investment strengths include its prime CBD location, potential for strong capital appreciation in a blue-chip area, and likely high-quality building amenities. Potential risks include the relatively low rental yield and the high entry price point, which limits the pool of potential buyers and renters. The flip potential is moderate; while the CBD market is strong, a $3M apartment suggests it's likely already in excellent condition, leaving less scope for value-add renovations unless there's a specific, high-impact upgrade opportunity. My recommendation is to proceed with caution, focusing on verifying the property's specific premium features that justify its price and understanding the capital growth trajectory for similar high-end 2-bed units in the immediate area. The low yield suggests it's more suited for capital growth investors than yield-focused ones.