2/35 Bassett Street, Hurstville NSW 2220

unit with strata risk | low yield at current price | recent purchase gain potential | no known flood or bushfire This unit sits in a boutique block of three, holding a share of a large 993m² site at a land-to-building ratio that is unusual for a strata villa. The primary risk is the December 2022 purchase price of $850,000, which is roughly half the current $2.03 million estimate; that gap signals aggressive value growth that may already be priced in, and the 2.17% rental yield means this property cannot support itself on rent alone. For a buyer, this is a hold-and-enjoy proposition, not a flip or a yield play, and the pricing logic rests on scarcity of three-unit complexes near Hurstville station and schools. What is competitively strong here is the light-filled layout with a low-maintenance courtyard and rear lane garage access, rare in this price bracket. The three-bedroom, one-bathroom configuration makes it a tight fit for families but ideal for a downsizer or investor seeking a walk-to-station position with no bushfire or flood overlay. You are buying a house-like footprint in a strata form, and that hybrid delivers optionality for future use. The next step is to verify the floor area and any sinking fund obligations, then decide if the premium over a standard apartment is justified for your lifestyle horizon. Comparables in the street since 2024 show 35 Bassett Street’s building sold at $1.1 million, but that unit lacked the courtyard and rear access, supporting this one’s stronger position. For a buyer, the value rests on the land share and layout, not on recent sales, which trail the current ask by around 40%.