3/474-482 Kingsway, Miranda NSW 2228

3 bed 2 car apartment in Miranda | 130sqm light filled open plan | Rare larger format in walkable suburban centre | Below automated estimate signals value gap This property is competitively positioned as a larger format apartment in a suburb where the typical stock is two bedrooms and one car space. The three bedroom two car configuration with 130 square metres of internal area is genuinely uncommon in Miranda’s established apartment market, which means it appeals to a narrower but more motivated buyer pool — typically downsizers or local upsizers who want space without moving into a house. The light filled open plan layout and position on Kingsway give it strong walkability to Miranda’s shopping and transport, which reinforces its appeal for owner occupiers seeking convenience and low maintenance living. The size and parking alone separate it from the bulk of what is available nearby. The asking price appears to sit below what automated models estimate for this address, which may reflect either a motivated seller or a property that requires some updating. Without confirmed detail on finishes, renovation history, or building age, a buyer should weigh potential capital expenditure against the discount. The Kingsway location offers access but may also introduce traffic noise, so an inspection should test the apartment’s orientation and acoustic performance. The rental yield signal from similar stock in the building suggests around four percent gross, which is reasonable but not exceptional for the area.