$600,000-$640,000

This 2-bedroom, 2-bathroom apartment in Schofields is listed within a competitive price range of $600,000-$640,000. Comparing it to the provided data, a similar 2-bed, 2-bath, 1-car apartment recently sold for $580,000-$620,000 (Comp 3) and another 2-bed, 2-bath, 1-car for $675,000 (Comp 5). This property offers two parking spaces, which is a significant advantage over the 1-car comparable, suggesting its asking price is reasonable, potentially even slightly undervalued given the extra parking. The median price for 2-bedroom apartments in Schofields is generally in the high $500s to mid $600s, placing this property squarely within market expectations. For rental income, while the comparable data only provides estimates for 3-bedroom units at $680/week, we must adjust for a 2-bedroom unit. Based on current market trends in Schofields for modern 2-bedroom apartments with two bathrooms and two parking spaces, a realistic estimated weekly rent is $580. This estimate is made with a moderate confidence level, as direct 2-bed rental comparables were not provided, but it aligns with typical rent differentials observed in the area. At the mid-point of the asking price ($620,000) and an estimated rent of $580/week, the gross annual rental yield would be approximately 4.83% ($580 * 52 / $620,000 * 100), which is a solid yield for the Sydney apartment market. Key investment strengths include the property's modern apartment type, two parking spaces, and its location in Schofields, a growing Western Sydney suburb with ongoing infrastructure development and increasing demand. The rental yield is attractive, and the price point appears fair. Potential risks include the supply of new apartments in the broader Blacktown LGA, which could impact capital growth in the short term. The flip potential is moderate, as it's a newer apartment, limiting major renovation opportunities, but cosmetic updates could still add value. An actionable recommendation would be to proceed with due diligence, focusing on the specific strata report and future development plans in the immediate vicinity to confirm long-term capital growth prospects.