3/52 Macdonald Street, Lakemba NSW 2195
3/52 Macdonald Street, Lakemba NSW 2195
renovated one-bedroom apartment with lock-up garage | 68 m² floor area | 800 metres to Lakemba Station | building established for 9 years | no verified aspect or floor level
A one-bedroom apartment of 68 m² with a lock-up garage is a configuration that stands out in Lakemba’s unit market, where basic older stock is common. The reported renovation means the interior is likely modern and low-maintenance, an advantage over many comparable units. The building is roughly nine years old, suggesting relatively contemporary construction with 17 apartments. This property is best suited to an investor seeking a strong rental yield or a first-home buyer wanting a clean, move-in-ready home within easy walking distance of the station. Its compact but functional layout and dedicated parking make it an entry-level option that avoids the compromises of older, unrenovated units.
The absence of verified aspect, floor level, and outlook information may affect price because natural light and privacy are material to value. A ground-floor unit, for example, could feel less secure and have reduced market appeal compared to a higher floor. The lack of confirmed amenities such as a lift, air-conditioning, or balcony also limits the comfort premium this property can command. The renovated condition and garage are genuine strengths, but if the unit faces a noisy street or shares a blank rear wall, its appeal could narrow. A buyer should weigh these unknowns when forming a view on price, as they may create a gap between listed expectation and actual market clearing.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/52 Macdonald Street, Lakemba NSW 2195
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Lakemba presents a market of distinct segmentation, with its unit sector demonstrating robust growth and attractive yields, contrasting with a more subdued house market. This divergence suggests strong investor and entry-level buyer demand for apartments, drawn by relative affordability and solid returns. The overall market shows long-term resilience and is currently assessed at fair value, indicating stability rather than speculative froth. Future performance will hinge on sustained demand for its more affordable housing typologies amid broader economic conditions.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
744m²
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