303/3 Madden Close Botany NSW 2019

2-bed, 2-bath, 2-car strata flat | Bayside Council location | Flood overlay present | Gross yield ~5.6% This unit presents a competitively priced entry into the Bayside Council area, offering a functional two-bedroom layout with dual car spaces—a configuration that aligns with strong rental demand from small households or investors. The estimated gross rental yield of approximately 5.6% is robust for the suburb, suggesting the property is positioned for steady income. It serves best as a straightforward investment purchase, given its rental appeal and lower price point relative to larger units in the same complex. The primary decision mechanism is the flood overlay, which necessitates specific due diligence on insurance premiums and potential future resale constraints. The modest capital appreciation since 2018 underscores a stable, not speculative, holding pattern. Proceed with an investor mindset, leveraging the yield to carry the property, and commission a strata report to uncover any scheme liabilities. Our report would pressure-test the valuation against recent comparable sales and detail locality-specific flood risks to inform your offer and insurance assessment. * **3 Madden Close (Comparable):** Valued $1,014,000-$1,026,000 | 150m² building | 2 bed, 2 bath, 2 car. This highlights that 303/3, at a lower valuation, trades at a discount primarily for its smaller internal size (128m²), confirming its position as a value-oriented option within the same street.