13/47 Fairmount Street, Lakemba NSW 2195

2 bed unit | 102m² floor area | 6.22% rental yield | stable long-term holding This unit offers a rare combination of generous internal space and strong rental performance in a well-connected suburb. The 102m² floor area is significantly larger than typical two-bedroom apartments, providing a configuration edge that appeals to owner-occupiers seeking space and investors targeting premium tenants. The recent sale of an identical unit at $485,000 and rental yield above 6% confirm genuine demand. The property suits first-home buyers wanting room to grow or investors seeking reliable cash flow in a market with 38% of units held over ten years, indicating stable community tenure. The primary risk is the discrepancy in reported bathrooms and car spaces, which may affect valuation or buyer perception. A physical inspection is essential to confirm the actual configuration. The shared 1,538m² land holding offers no individual title advantage, but strata efficiencies may keep fees reasonable. NBN and 5G connectivity support modern living requirements. The property’s position within established school catchments and absence of overlay constraints reduces downside risk, while the suburb’s affordability relative to inner Sydney leaves room for capital growth over a medium-term hold.