3/123 Cooper Street Waterloo NSW 2017

East-facing split-level | includes parking | 51% long-term residents | flood overlay present This unit presents a competitively strong offering within Waterloo’s high-density landscape, primarily due to its included car space and split-level design, which are not standard for one-bedroom apartments. The east-facing aspect and a building with high long-term residency suggest a stable, desirable living environment. This property best serves an owner-occupier seeking character in a convenient location or an investor targeting the professional rental market, supported by a calculated gross yield of approximately 5.5%. The primary decision mechanism is the flood overlay, which necessitates specialised due diligence on insurance premiums and potential future resale impacts. The opportunity lies in acquiring a differentiated unit in a growing hub, where standard layouts dominate. Proceed with an auction strategy anchored by a strata report review and a precise valuation; this is a hold for lifestyle or medium-term capital growth. Propcred can specifically quantify the flood risk cost, validate the rental estimate against live market data, and provide the compliance checks for this strata title. The sole available sales data point is the property’s own previous sale at $625,000 in November 2018. This historical figure establishes a baseline for appreciation but lacks contemporary context, underscoring the critical need for a current, evidence-based valuation against very recent comparable sales to inform your bidding position.