517/8 Merriwa Street, Gordon NSW 2072

Large unit with strata risk | Price signals split between platforms | Yield low for two-bedroom | Not yet inspected — proceed with caution. This property’s size and aspect are genuine differentiators, but the valuation gap between $899,000 and $1,040,000 introduces real negotiation risk. A buyer must anchor on the lower end until comparable sales in the Elysium complex confirm otherwise. The rental estimate of $855 per week gives a gross yield around 5% at that lower price — acceptable but not compelling for an investor. For an owner-occupier, the trade-off is paying for space and light against holding strata levies likely above market for a two-bedroom. Hold this as a long-term home or downsizer base; avoid it for short-term capital gain. The 200 sqm internal footprint and dual-aspect north-west orientation are rare in Gordon apartments, and they give this unit a semi-detached feel that will hold demand from downsizers and professionals. The gym and sauna reduce lifestyle costs, and the position within walking distance of Gordon station and shops removes car dependency for daily errands. This property suits a buyer who values floor plan over upgrades — the ducted cooling and built-in robes are baseline, not selling points. If you need a lock-and-leave with genuine separation of living and sleeping zones, this ranks above most two-bedroom stock in the area. To proceed, obtain three years of strata records and compare floor space to any other unit listed above 150 sqm in the same postcode. That evidence will tell you if the price premium is justified.