1/15 Masons Parade, Point Frederick NSW 2250

Ground floor | flood overlay active | 85% owner-occupier street | high rental yield | strata lot 1 of 15 The property’s strongest buying case is its combination of a 776m² lot in a tightly held Point Frederick street with 85% owner-occupancy and a ground-floor configuration that avoids stair access issues. The flood overlay is the primary risk and will compress buyer competition, which works in your favour if you are prepared to hold. Recent renovation and FTTP connectivity support a premium rental position at $615 per week, giving a yield that outperforms the suburb median. This suits an investor seeking stable cash flow or a downsizer wanting single-level living without strata complexity. The flood overlay is the material risk: it raises insurance costs and may slow capital growth compared to unaffected properties. However, the overlay is detected rather than severe, and the 2021 purchase price of $655,000 with current valuation near $669,000 shows the market has already priced this in. The strata report from February 2026 should be reviewed for sinking fund adequacy given the building’s 15 lots. Hold this property for rental income rather than short-term flipping, and use the flood overlay to negotiate below the $735,000 median for the suburb.