1008/3 Nipper Street, Homebush NSW 2140
1008/3 Nipper Street, Homebush NSW 2140
10th-floor 2-bed unit | New tower build | Likely north-east aspect | Premium finishes | High-rise Homebush pocket
Occupied by this two-bedroom unit is a high floor in a recently completed tower, where light, privacy and outlook are offered in a way rarely matched by older Homebush stock. The two-bedroom, two-bathroom, one-car layout is considered efficient for professionals or small families, and premium finishes are included such as stone benchtops, gas cooking and ducted air-conditioning. The location is suited to buyers who value rail access, shopping and Olympic Park proximity. This property is best matched to owner-occupiers or investors seeking a low-maintenance unit with strong rental appeal.
Value may be influenced by aspect and view, with north-facing balconies widely preferred. Caution might be prompted by the flood overlay, but negotiation room may also be offered. Higher floors are rewarded in resale, and weight could be added by a study. These factors should be weighed when a view on price is being formed.
>> Comparable Sales: 1205/3 Nipper Street sold $955,000 | Property Price Band: $0.9M-$1.0M | Value Drivers: high floor, orientation, premium finishes
Detailed Independent Property Report prepared by PropCred Analyst team for 1008/3 Nipper Street, Homebush NSW 2140
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Homebush remains an inner-west market defined by a sharp house-unit divergence. House prices sit at a $2.555m-$3.407m median, with annual growth of 18.35%-26.5% but just 16-26 sales, signalling scarce supply and affordability constraints. The unit market contrasts: median $655k-$665k, gross yield 5.7%-5.75%, 338 sales over the past year, and 42 median days on market. That activity points to investor and smaller-household demand, supported by proximity to Parramatta Road and key arterial routes. Future growth hinges on continued house scarcity, while unit prices face near-flat growth of -0.15% to -2.1% and rate sensitivity. Vacancy sits at 1.81%, with unit rents around $720-$725 weekly, keeping rental demand steady but limiting yield upside.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.16 acres
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