17/4 Grey Street Wickham NSW 2293

North-facing first floor with balcony | secure two-unit complex | 22-year tenancy | walkable to interchange | cosmetic refresh needed This unit presents a competitively positioned, low-supply offering in a high-demand inner-city location. Its north aspect, private balcony, and exclusive shared foyer with only one other residence are functional advantages rare in its price segment. The 22-year tenancy history signals proven, stable rental demand, making it immediately suitable for investors or first home buyers seeking a lock-and-leave base with minimal car dependence due to superior walkability. Proceed with the understanding that its value is anchored in location and configuration, not condition. The required cosmetic modernisation is a direct cost and effort liability, while the detected flood overlay imposes a mandatory insurance and risk assessment burden. The commercial logic is clear: acquire below the suburb median, execute a cost-efficient refresh to capture equity and rental uplift. This is a hold proposition for five years to realise the suburb’s growth trajectory. Our report quantifies the precise renovation scope, validates the flood impact on premiums, and provides a supported real market valuation to secure this unit at its functional worth. Recent comparable sales data for one-bedroom units in Wickham is limited within the provided information. This lack of immediate, direct comparables necessitates a more nuanced valuation approach, focusing on the property’s unique attributes versus median suburb figures.