3/65-67 Good Street, Westmead NSW 2145
3/65-67 Good Street, Westmead NSW 2145
Dual balconies | full-brick 3-bed | strong rental demand | secure garage | R4 redevelopment zone
A practical 3-bedroom configuration is offered with dual balconies, a lock-up garage, and full-brick construction, a rare combination in newer stock. The unit is positioned in an established Westmead block with strong rental demand tied to the hospital and business precinct. First-home buyers, young families, and investors are well served by this layout. Convenience is added through dual balconies and an internal laundry, often missing in older units. Longer-term redevelopment interest may be found in the R4 zoning, though the existing building is expected to remain serviceable. This is dependable middle-market stock, with its main strength practical rental appeal and a functional floor plan.
Condition and finishes may influence price, as the unit appears to retain original features. An unconfirmed aspect or floor level might affect buyer perception. The older building and high renter share could reduce owner-occupier appeal, capping growth. However, strong rental income and R4 zoning may underpin demand. Weigh these against the practical layout and secure parking when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/65-67 Good Street, Westmead NSW 2145
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Westmead presents a two-tier market driven by a higher-skilled, professional cohort with above-average incomes. Houses command a $2.01 million median (up 18.6% annually) and sell in 39 days, but gross yields sit at 2.5%. Units offer a lower entry point at $585,000 with 3.5% growth and a higher 5.5% yield. Rental demand supports both segments: house rents are $750 weekly (up 7.1%) and unit rents $630 (up to 7.1%). Sales remain constrained—30 to 36 house sales a year—while unit turnover is steadier at 80 sales. Future growth is tied to sustained rental appetite and unit sales activity. Key risks include thin house inventory, high price sensitivity, and yield compression on houses.
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PropCred Estimated Value
Comparable Sales: a 3-bed unit in this complex sold for $194k in 1999 | Property Price Band: $600k–$700k | Value Drivers: dual balconies, full-brick condition, R4 zoning
Bedrooms
3
Bathroom
3
Parking
1
Land
1304m²
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