2/15-17 Apsley Street, Penshurst NSW 2222

Oversized two-bedroom apartment | Walk to station and village | Secure parking and courtyard | Established low-density block | Strong rental demand signals This property is competitively positioned as a larger-than-average two-bedroom apartment in a well-maintained low-density block, which is relatively uncommon in Penshurst’s newer stock. The combination of a private courtyard, secure basement parking, and gas kitchen appeals strongly to owner-occupiers seeking house-like proportions without the maintenance of a freestanding home, as well as to tenants who value space and amenity near the station and village. The long average owner-occupier tenure in the building suggests a stable, well-cared-for environment that tends to support consistent demand and slower turnover, which can be attractive for a buyer planning to hold medium-term. The March 2023 sale price of $725,000 provides a recent benchmark, though market conditions have shifted since then and the December 2025 sale of another unit in the same building may offer a more current reference point. The estimated rental return of around $760 per week suggests reasonable yield potential for this format, but actual rent achieved will depend on finish quality and tenant demand at time of lease. The property’s value may also be influenced by its position within the building, floor level and aspect were not confirmed, and by any future strata levies or special contributions that could affect holding costs. Buyers should verify the building’s sinking fund and recent maintenance history before forming a view on price.