24/45 Rawson Street, Auburn NSW 2144
24/45 Rawson Street, Auburn NSW 2144
2-bed flat Auburn | 102-118mยฒ floorplan | strata 2793mยฒ | strong yield potential | off-market opportunity
This unitโs competitive edge lies in its generous internal areaโ102 to 118 square metresโwhich is rare for a two-bedroom flat in Auburn and positions it well above typical unit stock in the suburb. The configuration, with an ensuite, built-in robes, and a private balcony, suits owner-occupiers seeking space and amenity, while the secure car space and modern finishes support a premium rental position. For a buyer targeting stable cash flow, the estimated rental midpoint of $665 per week against a $560,000 valuation implies a gross yield near 6.2%, which is strong for Sydneyโs strata market. The propertyโs off-market status means it may be acquired without competitive bidding pressure, provided a direct approach to the owner is feasible.
The primary risk is the lack of recent transaction evidenceโlast sold in 2012โmaking current valuation more reliant on comparable sales than hard data. The low-end estimate of $493,000 suggests possible overvaluation at the $560,000 midpoint, so a buyer should verify recent unit sales in the complex or nearby. The strata lot size of 2793mยฒ is large, which may indicate higher sinking fund obligations or future capital works levies. Opportunity lies in the propertyโs rental history: it has been let twice and listed again in 2021, implying tenant demand is consistent. A buyer with patience could negotiate below the midpoint, especially if the owner is motivated by the lack of recent marketing activity.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24/45 Rawson Street, Auburn NSW 2144
Market Insight:
Auburn presents a dual market, with strong family demand for houses and high investor interest in units. Couples with children, often in skilled trades, drive owner-occupier demand, drawn by established schools and transport links. The housing market exhibits robust growth, while units offer compelling rental yields, attracting investment. Future growth is underpinned by its connectivity and mixed-use amenity, though high house prices present an affordability constraint and the substantial unit supply requires careful selection.