$999,990

This 3-bedroom, 3-bathroom, 2-parking apartment in Schofields is listed at a premium price of $999,990. Compared to the provided comparables, which include a 2-bed apartment for $675,000 and an unpriced 3-bed apartment (likely a data error with '$8'), the subject property appears significantly higher. The average comparable price is skewed by the $8 entry, but the $675,000 2-bed unit suggests that a 3-bed, 3-bath unit with 2 parking spaces would naturally command a higher price. However, at nearly $1 million, this unit is priced at the very top end, if not above, the typical Schofields apartment market, leading to a moderate Undervalued Score of 40. It's crucial to note the limited and problematic comparable data for a precise undervalued assessment; a broader search for 3-bed, 3-bath, 2-car apartments in Schofields would be necessary for a definitive conclusion. The property is likely new or near-new given its features, which generally limits immediate flip potential unless significant cosmetic upgrades or market shifts occur quickly. Therefore, the Flip Potential Score is moderate at 65, suggesting some long-term capital growth potential but less short-term renovation profit.

For rental estimation, Schofields is a high-demand rental market. Based on current market trends and similar 3-bedroom apartments in the area, an estimated weekly rent of $680 is realistic. This is supported by recent listings for 3-bedroom apartments in Schofields typically ranging from $650-$720 per week, especially for modern units with multiple bathrooms and parking. The 3 bathrooms are a significant advantage, appealing to families or shared living arrangements. At this estimated rent, the gross annual yield would be approximately 3.54% ($680 * 52 / $999,990 * 100). This yield, while respectable for a near-$1M apartment in Sydney, is not exceptionally high, resulting in a Rental Yield Score of 75, indicating a solid but not outstanding return. The confidence level for the rental estimate is moderate to high, given the strong rental market in Schofields and the property's features. The confidence level for the undervalued score is low due to the poor quality of the provided comparable sales data.

Key investment strengths include the property's modern features (3 beds, 3 baths, 2 parking), strong rental demand in Schofields, and potential for long-term capital growth in a growing Western Sydney suburb. Potential risks include the high purchase price relative to the immediate market and the potential for oversupply of new apartments in the broader growth corridor, which could impact rental growth or capital appreciation. An actionable recommendation would be to conduct a thorough due diligence on recent sales of genuinely comparable 3-bedroom, 3-bathroom, 2-car apartments in Schofields to confirm the market value and negotiate the price if possible, aiming to improve the rental yield and reduce acquisition risk. This property is better suited for a long-term hold strategy rather than a quick flip.