402E/27-29 George Street, North Strathfield NSW 2137
402E/27-29 George Street, North Strathfield NSW 2137
4th-floor E wing | 115m² two-bedder | built 2008 | larger-than-typical North Strathfield stock | flood overlay noted
This apartment holds a genuine size advantage over most two-bedroom units in the area, with 115m² giving it a floor plan that feels closer to an older-style flat than a compact modern build. The 2008 construction places it in the better-built era of Sydney apartment stock, and the secure parking, lift access, and resident open space make it a comfortable fit for owner-occupiers—particularly couples or small families who want room to spread out without moving to a house. Its position near North Strathfield station and the Bakehouse Quarter adds everyday convenience that supports steady demand from both live-in buyers and investors, though the stronger appeal is likely to come from those planning to stay for several years rather than flip quickly.
The flood overlay on the property record may affect insurance costs and lender appetite, so it is worth confirming the exact extent and whether any mitigation measures exist. The unit’s aspect and outlook are unconfirmed, which could influence light and privacy in ways that are hard to price without inspection. Renovation history will also matter, as a 2008 build with original finishes may feel dated next to recently updated comparables in the same complex.
|| Comparable Sales: 206J sold $779k, 110C sold $740k | Property Price Band: $700k–$800k | Value Drivers: floor area, renovation level, flood overlay impact
Detailed Independent Property Report prepared by PropCred Analyst team for 402E/27-29 George Street, North Strathfield NSW 2137
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
North Strathfield, 15km from the city, is a high-demand suburb underpinned by the new Metro, motorways, buses and ferries. Demand is led by a young, largely renter population: 31% aged 20-34, 49% renting, and 49% couples with children. House prices have climbed to a median of roughly $2.42–$2.52M, with annual growth between 7.1% and 16.1% depending on source; houses clear in about 32 days. The unit market is softer: medians range from $783K to $950K, with growth flat to negative in two of three data sets. Rental yields are thin for houses at 1.96–2.2%, while units offer 3.3–4.28%. Weekly rents reach $1,000 for houses and $750 for units. Sales volumes are low—16 to 37 house sales per year—so pricing data carries liquidity risk. Future growth hinges on transport-led infill and city proximity; constraints include elevated entry prices, modest house yields, and soft unit performance.
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PropCred Estimated Value
Comparable Sales: 206J sold $779k, 110C sold $740k | Property Price Band: $700k–$800k | Value Drivers: floor area, renovation level, flood overlay impact
Bedrooms
2
Bathroom
2
Parking
1
Land
1952m²
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