12/70-72 Pitt Street, Granville NSW 2142

| Granville flat | 85m² three-bedroom | strong rental yield | low days on market | Parramatta catchment | This property presents a rare configuration advantage in Granville’s unit market. A three-bedroom, two-bathroom flat with a garage and ensuite, built in 2001, competes directly against older stock and smaller two-bedroom units. The 85m² internal size is generous for a strata apartment, and the building’s low density—only 12 units on a 1,151m² lot—reduces owner-occupier friction and supports capital stability. The estimated rental yield of $735 per week, backed by a recent $600pw rental for a two-bedroom in the same building, signals strong income potential. This property best suits a buyer seeking a high-yield hold with future redevelopment optionality, given the large land component and absence of bushfire, flood, or heritage overlays. The primary risk is the 55% renter concentration in Granville, which can pressure common area maintenance and strata harmony. The single comparable sale at $580,000 in May 2025, while showing 99% growth over 17 years, is thin evidence for current pricing at $675,000. The listing discrepancy—one source incorrectly placing it in Merrylands—suggests agent coordination risk. However, the 0% auction clearance and 29-day average days on market for Granville three-bedroom units imply a motivated seller market, not a distressed one. The opportunity lies in negotiating below the $675,000 estimate, using the thin comparable set and the agent’s error as leverage. Hold this property for rental income and land-value appreciation; it is not a flip candidate.