11/29 Austral Street, Penshurst NSW 2222

spacious 129m² layout | north-east balcony | study nook | second-floor with lift access | solid double brick build The property’s competitive edge lies in its oversized 129m² internal area, a rare configuration for a two-bedroom apartment that effectively competes with smaller three-bedroom units in the area. The study nook and large north-east facing balcony provide genuine flexibility for remote work or entertaining, while the solid double brick construction and lift access reduce ongoing maintenance concerns. This unit is best suited for owner-occupiers seeking space without moving to a full house, or for investors targeting tenants willing to pay a premium for square footage and orientation. The primary risk is the lack of available sales history and rental records, making precise valuation difficult and potentially reducing resale liquidity. The building’s 13-unit density is moderate, but the apartment’s size may limit buyer pool to those who value space over price efficiency. Opportunity lies in the 6.9% suburb growth and 4.2% rental yield, which support long-term holding; the property can be used as a primary residence for five-plus years or as a stable rental with above-median tenant retention. Hold for capital growth driven by scarcity of large floorplans in the area.