413/363 Bernera Road, Edmondson Park NSW 2174

Higher-floor unit in same complex | 2 bed, 2 bath, 2 park configuration | Price guide above suburb median | Last sold 2020 This unit presents a competitively strong configuration within its immediate market, offering two bathrooms and two parking spaces, a combination that aligns with modern buyer preferences and rental demand in Edmondson Park. Its position on a higher floor within the Bernera Road complex suggests better aspect and views, a tangible differentiator in a suburb dominated by newer unit stock. The property serves an investor seeking solid yield, evidenced by the estimated 4.8% return, or an owner-occupier prioritising internal convenience over standalone space. The 2020 purchase price establishes a clear cost base for the vendor, indicating room for negotiation against the current guide. The primary risk is paying a premium for the configuration in a suburb where the unit median sits notably below the asking price; the guide of $770,000 demands a 7.7% premium over the $715,000 median, which must be justified by superior aspect, condition, or exact comparable sales. The opportunity lies in securing a scarce two-car parking unit in a complex where future supply of such configurations is fixed, providing a long-term defensive attribute. Proceed with an offer calibrated to recent sales within the 363 Bernera Road complex itself, as these provide the only true like-for-like value evidence, and hold for medium-term capital growth driven by the suburb’s young demographic profile. Recent sales activity in the immediate area provides critical context. While specific prices are not detailed in the provided data, the volume of transactions at 363 Bernera Road and on adjacent streets like General Boulevard and Passendale Road confirms active demand for units in this precinct. For a credible offer on unit 413, you must obtain the sale prices for directly comparable units, particularly 509/363 Bernera Road in the same complex, to test the vendor’s price guide against the most recent evidence of what the market has paid.