26/27-31 Veron Street, Wentworthville NSW 2145

1960s low-rise boutique complex | walkable station & retail | high rental yield precedent | flood overlay present This unit presents a competitively priced entry into a well-located, low-maintenance complex with demonstrated strong rental demand. The ‘Oasis’ complex offers a boutique alternative to larger developments, positioned within a ten-minute walk of Wentworthville Station and major supermarkets, which directly serves both commuting professionals and investor portfolios. Recent sales of comparable two-bedroom units within the same block, coupled with a documented 6.09% gross rental yield from a near-identical unit, establish a clear value and income benchmark. The property’s configuration and quality finishes target a buyer seeking a turnkey solution, with its strongest appeal to an investor capitalizing on the proven yield or an owner-occupier prioritizing transit access over land component. The primary investment risk is the flood overlay applied to the complex lot, which necessitates due diligence on insurance premiums and potential future council regulations. The 1960s build date, while not unusual, implies upcoming capital works considerations that strata reports must quantify. The high turnover of ownership within the complex, with 73% of owners holding under six years, suggests a market of investors or transient owners rather than long-term residents, which can influence strata committee dynamics and sales competition. Proceed with an investor mindset; secure a tenancy aligned with the demonstrated $720 per week benchmark to service the debt, and plan for a holding period that accommodates the typical churn within the building’s ownership cycle. Recent sales within the same complex provide a direct value anchor: – Unit 7/ (2/2/1): Sold $615,000 (Aug 2024), subsequently rented for $720/week. – Unit 34/ (2/2/1): Sold $610,000, showing slight negative growth over five years. – Unit 8/ (2/2/1): Sold $620,000. – Unit 29/ (3/2/1): Sold $740,000. This cluster confirms a firm price bracket of $610,000 to $620,000 for a two-bedroom unit in this complex, making any offer above $620,000 require justification against this immediate evidence.