4/28 King Street, Ashfield NSW 2131

Elevated ground-floor boutique block | Heritage overlay | Strong rental yield | Prime Inner West school catchments. This unit presents a competitively strong proposition for an entry-level buyer or investor seeking low-maintenance living in a tightly held configuration. Its position within a boutique block of only eight units is a relative rarity, offering a scale and potential community feel absent from larger developments, while the elevated ground floor avoids the compromises of a basement or high-rise apartment. The established rental yield, anchored by the high-confidence estimate, indicates immediate income viability and underscores the sustained demand for well-located one-bedroom properties in the Inner West. This property serves an owner-occupier seeking a manageable entry into the market or an investor targeting a stable, low-vacancy tenant pool drawn by the proximity to multiple government school catchments and reliable 5G coverage. Proceed with the explicit understanding that the heritage overlay is a material constraint, imposing council approval processes and cost premiums on any future structural modifications, effectively locking the current configuration. The absence of recent comparable sales data necessitates a disciplined price ceiling based on the upper bounds of the estimated value range, as the last sale in 2015 provides no current market anchor. Your position is strongest at or below the asking price midpoint, treating the property as a long-term hold to capitalise on its fundamental locational advantages and scarcity of boutique stock. Acquire it for its reliable yield and positional security, not for its renovation potential or short-term speculative gain.