2/28 Matthews Street, Punchbowl NSW 2196

2-bed unit in Punchbowl | 89 sqm internal | generous for area | $550/week rental signal This unit sits on a 735 sqm lot within a seven-property building, offering an internal size of 89 sqm that is generous for a two-bedroom apartment in this part of Sydney. The reported rent of $550 per week signals active demand, and the configuration of two bedrooms, one bathroom, and one car space suits owner-occupier couples, small families, or investors seeking yield in a transport-oriented suburb. School catchment access to Punchbowl Public and Punchbowl Boys High adds practical appeal for family buyers. The valuation estimate of $517,000 may be tested by the absence of recent comparable sales in the building and limited information on building age, floor level, or internal finishes. Parking is noted as both a car space and a carport, which may affect convenience or desirability depending on the actual arrangement. The gross yield potential of around 5.4 to 5.5 percent should be weighed against the lack of disclosed building amenities and the need to verify the property’s condition through inspection.