6/20-22 Gladstone Street, Bexley NSW 2207

Long-term owner-occupier complex | Rarely traded | Renovated 3-bed townhouse | Bexley strata holding This property sits in a tightly held eight-unit complex where 80% of owners have held for over a decade, signalling low turnover and stable, owner-occupied character. The renovated bathroom, timber floors, and new decking reduce immediate capital outlay, while the separate living and dining layout offers functional flexibility uncommon in modern townhouses. It suits a buyer seeking a turnkey home in a low-supply pocket, or a long-hold investment with limited rental competition. The main risk is the shared 1,818m² strata lot, which may carry future levy exposure for common-area maintenance or sinking fund top-ups, though the long ownership tenure suggests prudent management. No recent comparable sales in the complex create valuation ambiguity, but the 2016 sale at $760k and current rental of $850/week imply a yield near 3%, acceptable for a low-turnover suburb. Hold for owner-occupancy or medium-term rental; avoid short-term flipping.