1/11 Lancelot Street Allawah NSW 2218

2 bed apartment on 1219m2 lot |Est value $840k |In building with strong sales |Rental yield $660pw |School catchment appeal|This two-bedroom apartment on a 1219sqm strata lot suits downsizers or investors seeking low-maintenance living near schools and transport. Positioned as unit 1 in a small block of similar two-bedroom flats, it benefits from the site’s generous land holding, which underpins steady value growth amid local demand for compact homes. Comparable sales in the building, like 3/11 at $836,000 in late 2024, signal robust pricing for this configuration, with gains reflecting broader apartment resilience. Practical layout with one bathroom and parking space caters to singles, couples or tenants valuing simplicity over space. Absent overlays for flood or bushfire enhance its low-risk profile for holding. Buyers drawn here often prioritise proximity to Carlton South Public and Blakehurst High, favouring entry-level ownership in a stable residential zone. Market behaviour shows these units holding firm, with sales from $240k in 1995 climbing to recent highs, pointing to reliable appreciation. Long-term, the large lot allocation and NBN/5G connectivity bolster appeal against newer developments, offering quiet tenure in a street of consistent performers. Its current listing aligns with estimates around $840k, positioning it competitively for strategic purchasers.