1103/1 Grandstand Parade, Zetland NSW 2017

Two-level layout with ground-floor master | East Village walkable catchment | Low-density strata on 1.34 acres | Flood overlay present The two-level configuration with a ground-floor master suite and ensuite is rare in Zetland apartments, giving this property a townhouse-like feel in a strata format. This layout suits downsizers or professionals who prioritise single-level living without sacrificing a second floor for guests or study. The 123m² internal area is generous for a two-bedroom, and the strata sits on a 1.34-acre lot, which suggests lower site density than typical Zetland blocks. Proximity to East Village, dining, and transport strengthens rental demand, making this viable for an owner-occupier or an investor targeting the $995–$1,165 per week bracket. The median value of $1.077m places it in a competitive but not overheated segment. The flood overlay is the primary risk, potentially affecting insurance premiums and resale liquidity; a full strata report and flood certificate are essential before proceeding. The 2012 last sale date means the current owner may have low cost base, but this does not affect a buyer’s entry price. The property is listed for both sale and rent, which may indicate motivated selling, but also allows a buyer to test rental yield before committing to occupy. Hold this property as a medium-term residence or rental, given its layout advantage and location fundamentals.