302/5 City View Road, Pennant Hills NSW 2120

2 bed, 2 bath, 1 car apartment | Pennant Hills school catchment | 109sqm internal | flood and bushfire overlay noted This unit offers a competitive configuration for the upper north shore apartment market, where two-bedroom two-bathroom floorplans with dedicated parking are consistently in short supply. The 109 square metre internal area is notably generous for a strata unit, giving it an advantage over newer, smaller stock in the area. Its position within the Pennant Hills Public and High School catchments adds a structural demand layer from families, which supports both resale liquidity and rental stability. The property is best suited to an owner-occupier seeking long-term holding or an investor targeting the family renter demographic. The primary risk is the combination of flood, bushfire, and heritage overlays, which may limit future renovation scope, increase insurance costs, and reduce buyer pool depth at resale. These overlays should be confirmed with council before any offer. The comparable sale of unit 306 at $720,000 in June 2025 provides a clear floor for valuation, while the $700 per week rent achieved shortly after suggests a gross rental yield near 5%, which is strong for the suburb. The opportunity lies in buying below the comparable sale price to build in immediate equity, then holding for steady capital growth driven by school demand and limited new supply in the area. Use this property as a core hold, not a flip.