2/142-146 Woodville Road, Merrylands NSW 2160
2/142-146 Woodville Road, Merrylands NSW 2160
2 bed 2 bath compact apartment | 1 car space | Woodville Road corridor | mid-400k price signal | school catchment coverage
This apartment is competitively positioned as a compact, multi-bathroom unit in a modern building on a major suburban road. The configuration of two bathrooms in a 77-square-metre floorplan is relatively rare for this price point and tends to appeal strongly to owner-occupiers who prioritise convenience over space, as well as investors targeting dual-income tenants or sharers. The property sits within multiple public school catchments, which broadens its appeal to families on a budget, though the Woodville Road address means the streetscape is busier than a quiet residential pocket. The strongest signal is the same-building sale at $475,000 in late 2024, which confirms the building’s two-bedroom product trades in the mid-400,000s, though that unit had two car spaces while this one has one, so a modest discount should be expected.
The single car space rather than two may narrow the buyer pool slightly, particularly among households with multiple vehicles or those who assign high value to parking. The galley kitchen and stone benchtops are functional but not premium, so the finish level is adequate rather than aspirational. Estimated rent of $670 per week suggests a gross yield in the high 3 percent range at a mid-400,000 purchase price, which is reasonable but not exceptional for this part of Sydney. The lack of confirmed floor level or aspect means the unit’s natural light and outlook are unknowns that could affect liveability and resale appeal, so a physical inspection to assess these factors is recommended before forming a final view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/142-146 Woodville Road, Merrylands NSW 2160
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✕
2
Merrylands NSW 2160
Merrylands is a strategically positioned Western Sydney suburb attracting a young, professional demographic, which is driving strong demand for houses. This has resulted in robust capital growth for houses, though the unit market has shown relative softness. The rental market remains steady, supported by this demographic profile. Future growth is underpinned by its established location, while a key constraint is the weaker auction clearance rate, indicating more selective buyer sentiment compared to broader markets.