1/8F Myrtle Street, Prospect NSW 2148
1/8F Myrtle Street, Prospect NSW 2148
Elevated entry price for a 200sqm lot | Rental yield below 4% before holding costs | Two of three bedrooms share the sole main bathroom | No disclosed council rates or strata levies to verify holding costs
The property’s price positioning near the top of its estimated bracket ($873k–$940k) suggests limited near-term capital growth unless comparable land-plus-building costs in the catchment rise sharply. A buyer paying $940k on a $760/week rent—roughly 4.2% gross yield—faces negative cash flow once strata, council rates, and vacancy are factored in. The floor plan works as a stable, low-turnover hold for a single-family occupant, but an investor should discount the valuation and underwrite holding costs before proceeding.
What makes this townhouse competitively rare is the three-king-bedroom layout with two ensuites, a configuration seldom seen on a 200sqm lot in Prospect, which typically trades at tighter density. This gives a buyer an immediate advantage in owner-occupier demand, particularly for families needing separate living zones. The Blacktown South and Mitchell High catchment is a strong draw for those seeking modest school infrastructure without paying the premium of Balmain or Burwood. For a buyer intending to live here for four to seven years, the property holds current price parity and offers good dollar-per-bedroom value—ask your solicitor to prepare a 10-year holding cost projection against local wage growth before making an offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/8F Myrtle Street, Prospect NSW 2148
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Prospect presents a mixed market with divergent performance between houses and units. Demand is underpinned by a growing population and a diverse demographic base, including both young families and established residents. While the house market has experienced recent price softening, it maintains relatively stable selling conditions. Future growth is supported by solid rental demand and low vacancy, though the unit segment faces significant price headwinds and affordability remains a key consideration against broader state benchmarks.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
2
Land
200m²
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