11/65 Macdonald Street, Lakemba NSW 2195

2-bed Lakemba unit | recent $464k building comp | parking included | tight supply in established block This unit sits in a building with a proven sale at $464k and a concurrent rental of $550 per week, giving you a rare transparent benchmark for value. The inclusion of one car space in a Lakemba apartment is a genuine edge, as off-street parking is scarce in this suburb’s older stock. The property suits first-home buyers seeking a foothold with immediate rental cover, or investors wanting a low-entry, high-yield holding in a transport-linked corridor. The main risk is that the building’s age may carry higher strata levies or upcoming special levies, which should be verified before exchange. The opportunity lies in the suburb’s ongoing demand from families and workers priced out of inner Sydney, keeping vacancy low and rent growth steady. The best use is as a buy-and-hold rental that covers its costs from day one, with optional owner-occupancy later.