$580,000-$620,000

This 2-bedroom, 2-bathroom, 1-parking apartment in Schofields is listed within a price range of $580,000-$620,000. Comparing it to the provided data, the most relevant comparable is 'Apartment 3' which is a 2-bed, 2-bath, 2-car unit listed at $600,000-$640,000 with an estimated rent of $580/week. Another comparable, 'Apartment 5', is a 2-bed, 2-bath, 1-car unit sold for $675,000. Given the subject property's 1-car space compared to 'Apartment 3's 2-car, and its price range being slightly lower than 'Apartment 3's lower bound, the asking price appears to be reasonably aligned with the market, perhaps slightly on the lower side considering 'Apartment 5's higher sale price. Therefore, the Undervalued Score is moderate at 65, indicating it's not significantly undervalued but offers fair value. Based on comparable 'Apartment 3's $580/week estimate and considering the current strong rental market in Schofields, an estimated weekly rental income of $590 is realistic for this property. This is a slight uplift from comparable 'Apartment 3' due to ongoing rental demand, but conservative given the 1-car vs 2-car difference. With a mid-point purchase price of $600,000 and an estimated weekly rent of $590, the gross annual rental yield would be approximately 4.92% ($590 * 52 / $600,000 * 100). This yield is competitive, scoring 70 for Rental Yield Potential, aligning well with or slightly exceeding some comparable yields. The Flip Potential Score is 70; while apartments generally offer less scope for significant structural renovations than houses, Schofields is a rapidly developing area with strong demand, suggesting potential for capital growth and minor cosmetic upgrades could enhance resale value. The overall investment score of 68 reflects a solid, balanced opportunity. The confidence level for these estimates is moderate to high, given the availability of several direct comparable properties in the same suburb. Key investment strengths include a competitive rental yield, a growing suburb, and a property type in high demand. Potential risks include increased supply of new apartments in Schofields, which could impact rental growth or capital appreciation in the short term. An actionable recommendation is to proceed with due diligence, focusing on the body corporate fees and any potential special levies, as these can significantly impact net yield. This property presents a good opportunity for a long-term investor seeking stable rental income in a growth corridor.