119/17 Grandstand Parade, Zetland NSW 2017
119/17 Grandstand Parade, Zetland NSW 2017
2-bed, 2-bath apartment in Zetland | Flood overlay flagged | Building rental yields near 6% | Strong urban growth corridor
This property is competitively positioned within a well-connected inner-south Sydney suburb, where consistent rental demand and a building-level yield of approximately six percent signal a sound investment-grade holding. The two-bedroom, two-bathroom configuration with a garage is a functional layout that appeals to both owner-occupiers and tenants, and the fibre-to-the-premises connectivity is a supporting value-add. It serves best a buyer seeking a low-maintenance entry into a high-demand corridor with proven rental performance.
The flood overlay is the primary risk, potentially raising insurance premiums and narrowing the buyer pool at resale. However, the overlay does not preclude strong occupancy, and the building’s rental history suggests limited practical impact on income. The opportunity lies in acquiring at a price that accounts for this overlay, thereby building in a margin. Hold this property as a medium-term rental investment, or occupy it while the suburb’s infrastructure and amenity continue to mature.
Detailed Independent Property Report prepared by PropCred Analyst team for 119/17 Grandstand Parade, Zetland NSW 2017
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Zetland is an inner-city apartment hub with high strata ownership, positioning it for young professionals and first-home buyers seeking proximity to the CBD and transport. Demand is driven by this accessibility and solid rental yields, though the market has experienced recent price declines across both houses and units. Future dynamics are shaped by its dense apartment supply, which presents a key constraint on growth, while ongoing rental demand from urban professionals provides a stabilising counterbalance.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
92m²
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