For Sale | $3,520,000

This 4-bedroom, 2-bathroom apartment with 2 parking spaces at 1502/2 Bond Street, Sydney, is positioned in the premium end of the Sydney CBD market. The asking price of $3,520,000 is significant, and its market position needs careful assessment against the provided comparables. The most relevant comparable is the 3-bedroom, 3-bathroom apartment at $3,100,000 with an estimated rent of $3200/wk. While that comparable has an extra bathroom, this subject property offers an additional bedroom, which is a rare and highly sought-after feature in the Sydney CBD apartment market, particularly for families or high-income sharers. Given the scarcity of 4-bedroom apartments in this prime location, and the strong rental performance of the 3-bed comparable, an estimated weekly rental income of $3000 is reasonable. This estimate reflects the premium for an additional bedroom and parking, slightly below the 3-bed comparable due to one less bathroom. There is a moderate confidence level in this estimate, as direct 4-bedroom comparables are not provided, requiring an extrapolation from 3-bedroom high-end rentals. Based on this, the estimated gross annual rental yield is approximately 4.49% ($3000 * 52 / $3,520,000 * 100), which is competitive for a high-value CBD asset.

Key investment strengths include the property's rare 4-bedroom configuration in a prestigious CBD address, strong rental demand for large, high-end apartments, and the potential for capital growth in a blue-chip location. The rental yield score is good for a premium property of this price point. Potential risks include the high entry price point, which limits the pool of potential buyers and renters, and the general volatility of the luxury market. The undervalued score is moderate; while the price is high, the unique bedroom count could justify it, but without direct 4-bed comparables, it's hard to definitively say it's undervalued. Flip potential is moderate; while renovation could add value, the property is likely already in good condition given its price, and significant cosmetic upgrades might not yield proportional returns at this price point. An actionable recommendation would be to conduct a thorough due diligence on the building's strata levies and any planned special levies, and to verify the actual achievable rent with local property managers specializing in luxury CBD rentals.