2/18-20 Grantham Street, Burwood NSW 2134

Ground floor | two car spaces | private courtyard | Burwood school catchment This unit’s strongest buying case is the rare combination of a ground-floor entry with a private courtyard and two dedicated car spaces — features that command a premium in Burwood’s apartment market, where most stock is upper-level or car-constrained. The internal area, at 140 square metres, is unusually generous for a two-bedroom, effectively offering townhouse-like living space without strata-title land cost. It suits downsizers seeking single-level convenience, or owner-occupiers who prioritise parking and outdoor access over a view. The school catchment placement adds long-term demand depth. The primary risk is the 2010 purchase price of $535,000, which implies the current valuation has doubled — meaning future capital growth may be more modest unless the suburb re-rates further. The property’s ground-floor position carries potential noise exposure and reduced privacy compared to upper levels, and the 1,008-square-metre land parcel is shared across the complex, so no individual land uplift is available. On the opportunity side, the rental yield at $805 per week is solid for the area and could support a hold strategy if bought near the lower end of the estimate. The buyer’s edge here is configuration, not scarcity — use this unit as a long-term hold for stable occupancy and modest appreciation, not a flip.