30 Yule Road, Merewether NSW 2291

New build with city views | 4 bed, 2 bath | $1600/week rental listing | Smaller lot in premium suburb This property presents a compelling proposition as a recently completed, low-maintenance house in a sought-after suburb, designed for immediate occupancy. Its competitive strength lies in the combination of a modern, multi-level layout with sweeping city views and ducted climate control, a package rare for Merewether’s typically older housing stock. The configuration of four bedrooms, including a master suite with walk-in and ensuite, alongside an open-plan living area, precisely serves the family or professional demographic seeking convenience and contemporary finishes without renovation overhead. The immediate rental listing at a premium indicates strong investor and tenant demand for turnkey properties in this location, positioning a buyer for either a high-quality residence or a stabilized rental income stream from day one. The decision pivots on the significant price premium commanded for the new construction on a 239m² lot, where nearby older houses on larger land parcels trade at notably lower price points. This introduces a valuation risk; the capital outlay is for the building, not land scarcity, which may affect capital growth relative to the broader suburb. The commercial opportunity exists in securing a modern, energy-efficient home with predictable maintenance costs and immediate rental yield, calculated at approximately 4% gross. For a buyer, the judgment call is straightforward: acquire this property for its use value as a premium, view-oriented residence or as a high-specification rental investment, accepting that the land-to-asset ratio is suboptimal for a pure land-banking strategy. * **24 Yule Rd, Merewether:** 593m² lot | Estimated value ~$1,544,000 * **29 Yule Rd, Merewether:** 401m² lot | Estimated value ~$1,604,000 These comparables demonstrate the guide price of $2,100,000 is fundamentally supported by the new build premium, not the land component. Buyers are paying a substantial sum for the modern structure and views, as the smaller lot size would otherwise suggest a lower valuation in line with older stock. This validates the pricing strategy but crystallizes the nature of the purchase.