28/24-28 Millett Street, Hurstville NSW 2220

28/24-28 Millett Street, Hurstville NSW 2220
2 bed, 1 bath, 1 car | 78 sqm | solid Hurstville complex | recent $700k benchmark in building This unit sits within a well-established complex where a near-identical apartment recently traded at $700,000, giving buyers a transparent pricing floor and a reliable comparable. The 78 sqm floorplan is genuinely spacious for a two-bedder in this market, and with 70% owner-occupiers in the building, the strata governance and common area condition are likely above average for the area. It suits a buyer who wants a solid, low-drama entry into Hurstville without paying a premium for a renovated or high-floor unit. The school catchment for Penshurst Public adds genuine family appeal, and the 5G coverage is a practical bonus for remote workers. The main risk is the single bathroom, which narrows the buyer pool to couples, singles, or small families and will cap future resale speed compared to two-bathroom competitors. The 2014 sale at $566,000 suggests modest capital growth over a decade, so this is not a high-growth play. The opportunity lies in its rental yield, which at roughly 4.5% is strong for Sydney and makes it viable as a hold-and-rent if circumstances change. Buy this for its solid fundamentals and predictable market position, not for a flip.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28/24-28 Millett Street, Hurstville NSW 2220
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

Hurstville is a well-connected, culturally diverse hub appealing to families and professionals seeking strong schools and urban convenience. Demand is driven by this demographic, with particularly robust activity in the unit market. House prices have demonstrated strong recent growth, while the unit market shows steadier appreciation. Future growth is supported by significant planned development, though a constrained supply of new houses presents a key market risk.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

2968m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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