22/2-4 Adelong Street, Sutherland NSW 2232
22/2-4 Adelong Street, Sutherland NSW 2232
Renovated top floor | no known overlays | 98m² block | 2-bed apartment for cautious buyers
The upside is largely priced in at $790,000 given the lack of recent comparable sales in Sutherland and a slightly inconsistent internal area figure across listings. While the 98m² land component is favourable for a strata unit, the top-floor position carries minor heat-loss and access risk not offset by a garage alone. The property functions best as a low-maintenance hold for an owner-occupier willing to absorb a small yield gap versus the estimated rental income of $605 per week.
What gives this unit an edge is its renovated ready condition on a larger-than-typical strata lot, combined with no bushfire or flood constraints. For a first home buyer seeking a turnkey foothold in the Sutherland Shire, this removes renovation risk and strata uncertainty. The NBN and 5G coverage support modern working requirements, though these are not decisive. The buyer moving quickly secures a finished home that competes with more expensive, unimproved stock nearby.
Review the strata report before proceeding to confirm sinking fund adequacy and any upcoming special levies.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/2-4 Adelong Street, Sutherland NSW 2232
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Sutherland presents a balanced market with robust demand across both houses and units, positioning it as a stable performer. Growth is driven by owner-occupiers and investors, the latter particularly attracted by the unit sector’s strong rental performance. Recent trends show solid capital appreciation and a competitive rental market, with properties transacting efficiently. Future momentum is underpinned by sustained rental demand, though the market remains subject to broader affordability and interest rate sensitivities.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
98m²
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