3/36 First Avenue, Eastwood NSW 2122

Middle floor, double brick, three bedroom unit | Eastwood school catchment | one of six in a walk-up block | balcony and one car space included This unit offers a rare combination for a 1970s walk-up: three genuine bedrooms, two bathrooms including an ensuite, and a single-level layout on a middle floor. That configuration is hard to find in Eastwood’s older stock and gives a buyer a clear advantage over the more common two-bedroom apartments or ground-floor units. The double brick construction and low density—just six units—mean quieter living and lower ongoing maintenance risk. It suits a family wanting school catchment access without a house price, or an investor targeting stable tenant demand near transport and shops. The balcony and built-in robes add practical appeal without inflating the price. The main risk is age: a 1970s building may need sinking fund contributions or special levies for common property upgrades, and the single car space limits appeal to households with two vehicles. The lack of recent sales data means the valuation is based on comparable rentals and market movement, not a direct benchmark. That creates both a negotiating opportunity and a need for caution on price. For a buyer, the sensible play is to offer below the upper end of the valuation range, treat the property as a long-term hold, and factor in a building inspection contingency.