31/3 Rayner Street, Lilyfield NSW 2040

Studio unit | 22 sqm internal area | Single car space | Strong recent appreciation | Minutes to light rail This unit presents a compact, high-efficiency holding in a well-serviced suburb, with its primary competitive strength being the inclusion of a dedicated car space-a significant amenity often absent in studio configurations-which substantially widens its appeal to both owner-occupiers and investors. The property serves a practical entry point into the Lilyfield market, best suited for a single professional or an investor targeting tenants who value transit connectivity and secure parking over internal space. The demographic profile of the suburb, weighted towards younger and middle-aged cohorts, supports sustained rental demand for low-maintenance living close to amenities. The decision hinges on reconciling the sharp appreciation since its last sale with the operational constraints of a 22-square-metre floor plan, which imposes a natural ceiling on tenant diversity and may challenge resale liquidity compared to larger units. The opportunity exists in leveraging the unit’s operational simplicity and location to secure a stable tenant while banking on the suburb’s broader momentum; the commercial logic is one of a land-value play with a modest income cover. Proceed only with the understanding that this is a tactical, long-hold purchase where capital growth is primarily driven by its parcel of land and location, not its improvements, and it should be managed for cash flow with minimal capital expectation. The property last sold for $325,000 in August 2022, with current estimates around $459,000. This appreciation of approximately 41% over roughly three and a half years underscores a potent market trajectory for well-located, compact units in Lilyfield, though it also signals that recent buyers have already priced in significant growth, demanding more rigorous due diligence on future gains.