12/38-40 Gould Avenue, Lewisham NSW 2049

2 bed 1 bath 1 car | renovated inner-west unit | strong building resale demand | owner-occupied tenure over 8 years This property presents a competitively positioned renovated apartment in a strata complex with proven buyer and renter demand. The two-bedroom, one-bathroom configuration with parking is the most sought-after format in Lewisham, and the recent renovation removes the need for immediate capital outlay, strengthening a buyer’s negotiating hand. The building’s average owner-occupier tenure of over eight years signals stable community and low turnover risk, which typically supports capital preservation. This unit best suits a professional couple or investor seeking a low-maintenance entry into the inner-west market where comparable sales in the same complex have demonstrated price resilience. The primary risk is the single bathroom, which limits appeal to families but does not materially affect investor returns given the strong rental demand at $730–$750 per week. The property’s position within a 1315m² site may imply higher strata levies for shared amenities, though this also buffers against future density encroachment. For a buyer, the opportunity lies in acquiring a renovated unit in a building with active resale activity, reducing exit risk. Hold for capital growth driven by inner-west supply constraints, or lease for a net yield in line with the suburb’s median.