15/40-42A Keeler Street, Carlingford NSW 2118

Corner-block unit, 108sqm on title | Carlingford school catchment | 2 bed 2 bath 1 car | Flood overlay flagged This property’s primary buying case rests on its uncommon corner-block position within a strata complex, yielding a title size of 108sqm that is notably larger than the typical Carlingford two-bedroom unit. That extra space, combined with dual bathrooms and a master ensuite, positions it well for either a young family wanting room to grow or an investor targeting the strong rental demand generated by the Carlingford Public and High School catchments. The open-plan layout, private balcony, and air conditioning are functional rather than luxurious, but they align with what both owner-occupiers and tenants in this corridor prioritise. The estimated rental yield of approximately 5.7 to 5.8 percent is competitive for the suburb and suggests the property can hold its own as a income-producing holding. The flood overlay is the most material risk here, and it should not be dismissed. It may affect insurance premiums, strata levies, and resale appeal to cautious buyers, so a full review of the strata’s flood management plan and building certificate is essential. The inconsistency between the 108sqm title area and the 72sqm floor space figure also warrants clarification, as it could indicate a significant balcony or common property allocation that does not translate to usable living area. For a buyer, the opportunity lies in the school catchment and the larger-than-average floorplate, which together create a defensible position in a market where median prices sit around $690,000. Hold this property for its rental income and school-driven demand, not for short-term capital gain.