4/5 Chandos Street, Ashfield NSW 2131

2 bed unit in small block | large shared land parcel | no parking specified | estimated rental yield 4.2% This unit presents a competitively priced entry point into Ashfield’s Inner West market, defined by its position on a substantial 937 square metre strata lot, a configuration that offers a greater sense of space and light than typical compact units. The absence of a dedicated car space is mitigated by the property’s core strength: its alignment with high-demand rental stock, evidenced by a robust estimated weekly rent. This property serves the budget-conscious investor or first home buyer seeking yield and capital exposure, not luxury finishes. Its basic features-built-in robes and floorboards-meet fundamental tenant expectations, while the lack of complex environmental overlays simplifies due diligence. The primary risk is the unspecified parking, which will constrain capital growth relative to comparable units with a space and may limit tenant appeal to those without vehicles. The long listing history suggests potential underlying factors requiring investigation. The opportunity lies in acquiring a functional unit in a location with demonstrated long-term holder appeal, where recent comparable sales show consistent growth. Proceed only with a stringent strata report review of the small block’s financial health and by factoring a parking discount into your offer. This is a hold proposition for a five-to-ten-year horizon, leveraging rental income to service debt while banking on suburb-wide appreciation. Recent sales of two-bedroom units on Chandos Street provide a direct value benchmark: 2/7 Chandos Street sold for $830,000, and 23/32 Chandos Street sold for $1,385,000, illustrating a wide value range based on building quality, parking, and land share. The subject property’s estimated value of $816,000 positions it at the entry point of this spectrum, a direct reflection of its simpler specification and lack of confirmed parking. This pricing establishes it as a baseline opportunity, where any discovery of a car space or superior aspect during inspection would represent immediate equity upside.