21/40-42 Henley Road Homebush West NSW 2140
21/40-42 Henley Road Homebush West NSW 2140
4 bed apartment |159mΒ² lot |Est $1M value |$920pw rental yield | Townhouse-style in flood zone.
This four-bedroom apartment on a 159sqm lot suits growing families or professionals needing spacious inner-west living with school access. Its split-level townhouse-like layout delivers practical space for family routines, setting it apart from typical units in the complex. Positioned in a low-rise strata on Henley Road, it blends apartment convenience with house-like proportions, appealing in a street of similar mid-2000s builds. Buyers drawn to these are often young families or downsizers prioritising bedroom count and parking over smaller one-bedders nearby. Similar four-bed units in Homebush West have sold steadily, reflecting demand for rare larger apartments amid tight stock. The 159sqm internal area supports strong rental returns around $920 weekly, bolstering its income potential. Flood overlay tempers immediate appeal but residential zoning ensures stability. Built in 2008, it holds value through modern bones and NBN connectivity, with school catchments adding long-term family draw. Market positioning favours patient holders eyeing gradual appreciation in this balanced complex.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Homebush West is drawing buyers with WestConnex/Metro convenience, Olympic Park adjacency and cheaper entry points than the inner west, keeping unit yields near 5.8% and crowding investors and first-home buyers. Stock remains controlled even as approvals climb, so short-term scarcity supports prices while the high renter/investor share keeps leasing demand solid ahead of the pipeline. Median houses are about $1.72m and units $630k after roughly 9.5% and 0.2% annual retreats, so the last six months feel softer yet still competitive for sub-$1.5m homes as buyers chase improved borrowing after recent rate cuts.