12 Renown Avenue, Wiley Park NSW 2195

2-bed unit in Wiley Park | flood overlay present | building on large 963m² land | strong school catchment This property sits within a multi-unit building on a substantial 963m² land holding, a rare configuration in Wiley Park that gives each unit a share of land value often absent in standard apartments. The 2-bedroom, 1-bathroom layout with an open car space and balcony meets core demand from first-home buyers and investors targeting the lower end of Sydney’s market. School catchment access to Wiley Park Public and Girls High Schools adds consistent rental appeal. The unit’s estimated value near $895,000 for unit 12 reflects a premium over comparable units in the same building, likely due to its larger 359m² building size allocation, but this must be weighed carefully. The detected flood overlay is the primary risk, potentially increasing insurance costs and limiting future resale to buyers less sensitive to hazard disclosure. Recent sales of units 6/12 and 8/12 at $345,000 and $430,000 respectively suggest the building’s price ceiling is well below the estimate for unit 12, creating a valuation gap that could lead to overpayment. The NBN Hybrid Fibre Coaxial and 5G coverage are functional but not differentiating. For a buyer, the opportunity is in negotiating hard against the comparable sales data, targeting a price closer to $500,000–$550,000 to secure a solid rental yield near 6%. Hold for steady rental income or exit within five years as flood overlay awareness grows.