1008/1 Villawood Place, Villawood NSW 2163
1008/1 Villawood Place, Villawood NSW 2163
Penthouse configuration | 4-bed with dual parking | Panoramic views | Only large unit listed
This property presents a rare opportunity as the sole four-bedroom apartment currently available in Villawood, directly addressing a supply gap for larger family or shared accommodation in the area. Its penthouse layout, dual parking, and premium finishes command a price premium over standard two-bedroom stock, positioning it for a specific buyer segment seeking space and elevation. The unitΒs estimated valuation reflects this scarcity, though it sits significantly above the suburb median for apartments.
Proceed with caution, as the primary risk is the detected flood overlay, which necessitates immediate due diligence on insurance costs and potential future resale constraints. The valuation premium must be justified against a lack of recent comparable sales for four-bedroom units. For a buyer, the commercial logic is securing a scarce configuration in a building with stable long-term tenure. This unit is best held as a long-term primary residence to mitigate its specialty nature, not as a short-term investment.
Recent sales of two-bedroom units in the building provide context:
– Unit 714 (2/2/1): $568,000
– Unit 807 (2/2/1): $555,000
– Unit 1006 (2/1/1): $515,000
– Unit 617 (2/1/1): $520,000
This consistent pricing for smaller units underscores the substantial value gap the subject property must bridge, relying on its larger size, parking, and penthouse status to justify its price point.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Villawood presents a stable, mid-tier market where houses demonstrate consistent annual growth and sell above asking price, indicating healthy demand. This contrasts with the softer unit segment. The market is characterised by brisk sales for houses, with strong rental yields for units attracting investors. Long-term capital growth has been solid, supported by a balanced market dynamic. Future performance hinges on maintaining this demand against broader economic conditions.