209/23-31 Treacy Street, Hurstville NSW 2220

Flood overlay detected | Rental yield compressed | School catchments uncapped | Owner-occupier suited best The flood overlay imposes a tangible insurance premium and may delay future resale, costing buyers an estimated $1,200–$2,000 annually in additional premiums. The 98sqm internal floorplan and ducted climate control create a rare combination of space and comfort in a 2-bedroom unit, positioning it as a long-term hold for owner-occupiers rather than a short-term flip. The property’s last sale in January 2025 and current estimate range suggest a 10–13% price increase in under 18 months, reflecting strong market momentum but also reducing upside for speculative buyers. For a buyer seeking stable occupancy and moderate capital growth, this unit should be held for at least five years to amortise acquisition costs and flood risk premiums. The competitive strength lies in the generous 81sqm internal area plus balcony, a layout increasingly scarce in new Hurstville developments. The study and ensuite add functional flexibility for a professional couple or small family prioritising school proximity. With Hurstville Public School at 0.5km and a 50% owner-occupier building profile, the property attracts a reliable buyer pool of families and downsizers, mitigating vacancy risk. The 50% owner-occupier split in the building further signals a stable community, reducing the likelihood of investor-driven turnover. This unit serves best a buyer who values spatial comfort, school catchment access, and a balanced owner-occupier demographic over speculative capital gain. | Comparable Sales Insight | The January 2025 sale at $750,000 and the current $827,000–$829,000 estimate imply a 10–11% uplift in 15 months, aligning with Hurstville’s 290 annual sales and 50% auction clearance rate. This data supports a value position at the lower end of the asking range, offering a modest entry point into a tightening market. |