14/231-235 Canterbury Road, Canterbury NSW 2193
14/231-235 Canterbury Road, Canterbury NSW 2193
This is a 2-bedroom, 2-bathroom apartment with one car space and a generous 102 square metres of internal floor area. It sits within a mid-density block on a substantial 2,081 square metre site in Canterbury, and it is affected by a flood overlay.
This apartment offers a genuinely spacious floor plan for a two-bedroom unit, which is a competitive advantage in a market where many newer builds are significantly smaller. Its location within a well-established block provides a sense of space and access to shared amenity that is rare for the price point. The property is best suited to a first-home buyer or an investor looking for strong rental yield potential, as the weekly rent of $750 suggests healthy demand. The unit’s positioning in Canterbury places it within a high-demand corridor with good school access and solid clearance rates, meaning the market is active and liquid for this type of stock.
The flood overlay is the single most material factor affecting this property’s value and should be weighed carefully. It may suppress the purchase price relative to non-flooded stock in the suburb, but it also likely means higher insurance premiums and a smaller pool of buyers when it comes time to resell. The building’s age, inferred from its typology and recent sale history, suggests standard maintenance considerations but no unusual capital expenditure. A buyer should confirm the exact floor level and any flood mitigation measures in place, as these could meaningfully influence both livability and long-term cost.
Detailed Independent Property Report prepared by PropCred Analyst team for 14/231-235 Canterbury Road, Canterbury NSW 2193
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Canterbury is a suburb experiencing significant demographic change, with strong appeal to young professional couples. This cohort is driving demand, reflected in robust capital growth for houses, which have significantly outperformed the unit market. The market demonstrates solid momentum with houses transacting relatively quickly. Future growth will be shaped by the suburb’s ongoing gentrification, though the divergence between house and unit performance highlights a key constraint on broader market depth.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
102m²
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