2409/1 Paddock Street, Lidcombe NSW 2141

High-floor 2 bed + 2 bath + parking | Flood overlay noted | Parramatta Council | Strong rental yield suburb This unit presents a competitively dense configuration of two full bathrooms and secure parking, a combination that consistently attracts both professional renters and owner-occupiers seeking convenience. Its high-floor position within the building capitalizes on views and privacy, while the furnished state and full suite of modern inclusions translate to immediate rental readiness. This property serves the investor seeking a low-maintenance entry into a high-yield suburb or the downsizer prioritizing lock-and-leave simplicity within a major council area. The primary decision point is the flood overlay, which necessitates specific due diligence on insurance premiums and potential future resale constraints against otherwise strong fundamentals. The building demonstrates solid value retention, with recent sales indicating premium pricing for superior levels and aspects. Acquire this for its rental strength and hold as a durable income-producing property, acknowledging that the flood designation permanently segments its buyer pool. Proceed with a conditional contract pending a specialist flood report. Recent sales in the building provide clear benchmarks: – Unit 1609/1 sold for $930,500 in April 2025. – Unit 2401/1 last traded at $765k, now estimated at $770k. – Unit 1009/1 carries a current estimate of $740k. These figures demonstrate a material premium for higher floors, supporting the price expectation for this level 24 unit. The sale of 1609/1, likely a comparable 2-bedroom layout, sets a strong recent ceiling for the building.