191/1 Railway Parade, Burwood NSW 2134
191/1 Railway Parade, Burwood NSW 2134
Unit 191/1 Railway Parade, Burwood. A 2-bedroom, 2-bathroom first-floor apartment with one secure car space, built-in wardrobes, and air conditioning. The building is approximately 13 years old, part of a distinctive glass-fronted complex on a 2,769 m² strata lot. The complex’s swimming pool is no longer operational.
What is competitively strong here is the unit’s configuration and location. Two-bedroom, two-bathroom apartments with secure parking and air conditioning are consistently in demand from young professionals and investors in Burwood, given the suburb’s proximity to the CBD, train station, and Westfield shopping centre. The glass façade, while polarising, makes the building instantly recognisable and ensures abundant natural light. This property serves best an investor seeking reliable rental yield from a well-located, modern unit, or a first-home buyer wanting a low-maintenance home with strong transport links. The recent comparable sale in the same building suggests modest but steady capital growth, reinforcing its position as a stable, rather than speculative, holding.
The non-functional pool is a material factor that may reduce the property’s amenity appeal compared to similar apartments with active facilities, potentially narrowing the buyer pool. The building’s controversial approval history and glass exterior might also influence long-term strata costs for maintenance and energy efficiency, which a buyer should weigh carefully. The first-floor position offers good accessibility but could be less private and noisier than higher levels. These factors may affect resale value and should be considered when forming a view on price, but they do not undermine the unit’s fundamental strengths in a well-connected suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 191/1 Railway Parade, Burwood NSW 2134
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Burwood presents as a well-established inner-west suburb with a clear market dichotomy. Demand is underpinned by its strategic location and a property mix dominated by apartments, appealing to a younger demographic. While the unit market shows resilience with positive growth, the premium house segment has experienced recent softening, indicating price sensitivity. Future performance will hinge on the suburb’s enduring appeal against affordability constraints in the higher-priced housing tier.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2769m²
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