2/51-53 Deakin Street, Silverwater NSW 2128
2/51-53 Deakin Street, Silverwater NSW 2128
2-bed, 2-bath, 1-car | built 2002, 78mยฒ | strong rental demand | no overlays flagged
The propertyโs 2-bed, 2-bath configuration with a single car space is a sought-after layout in Silverwater, giving it a natural edge over older or smaller units in the area. Its 78mยฒ internal area is generous for a 2002 build, and the consistent rental evidence around $650โ$670 per week signals solid demand from both tenants and investors. For a buyer seeking a low-maintenance home or a reliable investment with proven capital growth since 2014, this unit offers a competitive position within the local market.
The main risk here is unit-specific: value depends heavily on internal condition, floor level, and aspect, as a comparable sale in the same building at $575,000 shows the range. There is also the unknown of strata levies and sinking fund health, which should be verified before committing. The opportunity lies in the propertyโs clean overlay statusโno bushfire, flood, or heritage constraintsโand its location within a 5G and Fibre to the Curb area, which adds practical appeal without being a primary driver.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/51-53 Deakin Street, Silverwater NSW 2128
Market Insight:
Silverwater is a dynamic suburb anchored by its proximity to major employment hubs, attracting young professionals and families seeking access to logistics and event sectors. Demand is driven by these workers, with strong investor interest in the unit market for its relative affordability and rental appeal. While house prices have experienced recent pressure, the unit segment shows resilience with solid growth. Future prospects are tied to ongoing industrial development, though limited housing supply and affordability constraints present notable market risks.