7/86-88 Karimbla Road, Miranda NSW 2228
7/86-88 Karimbla Road, Miranda NSW 2228
Established 1978 walk-up | 2 bed 1 bath 1 car standard | Station and Westfield level walk | Investor and downsizer demand | Renovation quality drives price
The unit sits within a well-located older complex where the configuration is practical and spacious for its era, with most apartments carrying a balcony, secure parking, and a functional internal laundry. The building’s position near Miranda Station and Westfield gives it a genuine convenience edge that appeals strongly to downsizers seeking level access and investors chasing steady rental demand. The 1970s construction is solid but dated, meaning a renovated example stands out clearly in this pocket, while the 3,199 m² strata parcel suggests the complex has reasonable common grounds without excessive upkeep. This property serves best as a low-maintenance, transport-oriented home for a downsizer or a reliable rental for an investor who values walkability over modern amenity.
Value may shift noticeably with floor level and aspect, as ground-floor units with direct access tend to trade differently from top-floor versions with balconies and better light. Renovation quality likely matters most, since updated kitchens, bathrooms, and flooring can push a unit toward the higher end of the building’s range, while original finishes may cap interest. The absence of lift access could limit appeal for some older buyers, and the 1978 build means common-area condition and strata levies might vary. Proximity to shops and transport should support steady demand, but the property’s final price will hinge on presentation and how it compares to other updated units in the same complex.
|| Comparable Sales: 21/86-88 sold $780,000; 1/86-88 sold $650,000 | Property Price Band: $650,000–$780,000 | Value Drivers: Renovation level, floor position, aspect, and parking configuration
Detailed Independent Property Report prepared by PropCred Analyst team for 7/86-88 Karimbla Road, Miranda NSW 2228
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Miranda presents as a well-established, family-oriented suburb with a balanced mix of owner-occupiers and renters, supported by a diverse housing stock. Demand is primarily driven by families seeking larger homes, attracted by the area’s amenities and school catchments. The housing market demonstrates solid growth and competitive conditions, while the unit segment offers more accessible entry points. Long-term fundamentals are positive, though affordability for houses remains a key consideration alongside the suburb’s current position relative to its long-term value trend.
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PropCred Estimated Value
Comparable Sales: 21/86-88 sold $780,000; 1/86-88 sold $650,000 | Property Price Band: $650,000–$780,000 | Value Drivers: Renovation level, floor position, aspect, and parking configuration
Bedrooms
2
Bathroom
1
Parking
1
Land
3199m²
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