309/577 Gardeners Road, Mascot NSW 2020

3 bed apartment in VIDA Mascot | strong yield potential | flood overlay flagged | major road exposure The property’s 3-bedroom configuration in a modern complex offers genuine scarcity within Mascot’s apartment market, where two-bedroom units dominate supply. This layout supports either premium rental demand from sharers or small families, and the estimated weekly rent of $1,075 translates to a gross yield near 5.9%—well above Sydney’s median apartment return. The school catchment for Gardeners Road Public School adds practical appeal for owner-occupiers, while fibre connectivity and 5G coverage strengthen the property’s long-term livability. It suits an investor seeking yield-driven cash flow or a buyer wanting a functional home near transport without paying a premium for a house. The flood overlay is the primary risk, as it may increase insurance costs and narrow the pool of future buyers or lenders, particularly if the overlay is tied to overland flow rather than direct inundation. Being on a major road introduces noise exposure, which could affect owner-occupier appeal and resale velocity. Strata costs and the building’s capital works fund must be verified before proceeding. If the flood risk proves manageable and the strata is healthy, the property holds as a solid rental hold with scope for modest capital growth in a corridor benefiting from ongoing infrastructure investment.