827/126 Banks Avenue, Eastgardens NSW 2036
827/126 Banks Avenue, Eastgardens NSW 2036
Large 87m² unit | Resort-style complex with pool and gym | Eastgardens retail and transport close | One car space | Flood overlay consideration
This unit is positioned as a genuinely spacious two-bedroom apartment within a large, amenity-rich complex. The 87 square metre floorplan stands out against many newer compact units, offering comfortable separation of living areas and bedrooms. It is supported by a strong suite of shared facilities, including pool, gym, spa, sauna, BBQ areas and on-site retail, which adds tangible everyday convenience. The location benefits from direct proximity to Eastgardens shopping, parks, golf courses, beaches and bus connections, making it a practical choice for professionals, young couples and downsizers wanting low-maintenance living. Given the consistent interest in this complex, it also serves well as an investment property with solid rental appeal.
The value of this unit may be shaped by the flood overlay recorded on the property, which could influence insurance costs and lender requirements. The exact floor level and orientation are not confirmed, so the achievable price might vary with outlook and natural light. Fitout quality and condition are also meaningful, as similar units in the same development show a noticeable spread based on presentation and upgrades. Broader market softness in apartment values might temper short-term growth, so a considered approach to price is advisable.
Detailed Independent Property Report prepared by PropCred Analyst team for 827/126 Banks Avenue, Eastgardens NSW 2036
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Eastgardens, in Sydney’s eastern suburbs, is a compact, apartment-heavy market with a young skew and a strong renter presence. Demand is led by professionals and managers, many in childless couples, drawn to convenience, entertainment and lifestyle amenity. House prices average roughly $3.18–3.2 million after annual growth of about 26%, but turnover is thin at only 12–14 sales. Units are far more affordable at $1.0–1.1 million, with growth of just 1–2.5% and gross yields near 5.5%, versus 2.4% for houses. Weekly house rents sit around $1,200–1,290. The suburb is assessed as near fair value against long-term trends, and the large strata presence ensures ongoing unit supply. However, a 59% renter share, high mortgage concentration among owners, and minimal house sales point to rate sensitivity and limited price discovery as key constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 1027/126 Banks Avenue sold for $840,000, 207/4 Finch Drive sold for $838,000 | Property Price Band: $800,000–$900,000 | Value Drivers: floor area, complex amenities, aspect and outlook
Bedrooms
2
Bathroom
1
Parking
1
Land
2408m²
URL has been copied successfully!