2/11 Crest Road, Crestwood NSW 2620

Two-bedroom apartment | shared garden lot | FTTP and 5G | no overlay constraints | similar sales in building support value This unit is positioned within a well-established complex where comparable two-bedroom apartments consistently transact in the mid-three-hundred-thousand band, giving a buyer a transparent valuation anchor. The 79-square-metre internal area is competitive for the price point, and the single car space is a practical advantage over many older apartments. FTTP and 5G connectivity add genuine utility for remote workers or tenants. The property suits first-home buyers or investors seeking a stable, lower-risk entry into the Queanbeyan-Palerang market, where school catchment and suburban amenity underpin steady demand. The primary risk is the unknown strata position—levies, sinking fund health, and any planned capital works must be verified before commitment, as a special levy could erode the modest yield. The estimated rental income of around $450 per week suggests a reasonable but not exceptional return, so the buyer’s margin depends on purchase price at the lower end of the range. A comparable unit sold in June 2025 for $360,000, so asking above $380,000 requires justification through superior internal condition or recent renovations. The absence of bushfire, flood, or heritage overlays is a genuine positive, reducing insurance and compliance uncertainty.