205/22 Essex Street, Epping NSW 2121
205/22 Essex Street, Epping NSW 2121
Modern 1-bed unit | 450m to Epping Station | 5.4% rental yield | Flood overlay noted
This unit presents a competitively strong proposition for an investor or professional seeking direct city access, with its prime walkable location to the T1 line being its principal advantage. The internal layout is efficiently configured, offering a king-sized bedroom and separate living areas, while the inclusion of ducted air conditioning and timber flooring aligns with modern tenant expectations. The estimated rental yield is robust for the area, positioning it as a cash-flow focused investment, best suited to a buyer prioritizing reliable rental income over short-term capital growth given the suburb’s recent negative growth trend.
The primary decision mechanism is the flood overlay, which necessitates immediate due diligence on insurance premiums and potential future resale constraints. The low building turnover and average six-year owner tenure suggest a stable, if illiquid, block. Proceed only with a confirmed understanding of the strata’s financial health and flood mitigation plans. A professional property report would specifically quantify the flood risk impact on valuation and provide essential checks on strata governance and locality-specific insurance costs.
The property last sold for $688,000 in May 2021. Current estimates range around $600,000 to $680,000, indicating a potential market softening or variance in valuation methodology. This historical data underscores the importance of securing a current, independent valuation to anchor your offer in the present market conditions.
Detailed Independent Property Report prepared by PropCred Analyst team for 205/22 Essex Street, Epping NSW 2121
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Epping is positioned as a major urban renewal hub, with significant densification planned near its transport node, driving long-term transformation. Demand is underpinned by this substantial public investment in new housing and infrastructure, attracting buyers focused on future potential. Recent price trends show solid house growth, though the unit market is more subdued, with houses transacting at a steady pace. Future growth is directly linked to the execution of the renewal plan, while the key constraint remains the market’s absorption of the substantial new supply being introduced.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
3282m²
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