324/26 Jasmine Street, Botany NSW 2019
324/26 Jasmine Street, Botany NSW 2019
| Opposite park | flood overlay identified | tandem parking restricts use | 102sqm includes balcony | strong suburb growth |
The flood overlay is the primary risk, increasing insurance costs by an estimated twenty to thirty percent and potentially complicating lending options with some banks. The tandem parking, while fitting two cars, limits daily flexibility and may deter tenants, with a likely rent reduction of fifty to seventy dollars per week versus side-by-side parking. The unit’s strong capital growth in Botany, at 6.6 percent annually, offsets these costs for a buyer planning to hold for over five years. This property works as a medium-term hold, not a short-term flip.
The northeast aspect overlooking Booralee Park is genuinely rare, securing sunlight and privacy that comparable units in this complex lack. The dedicated study and split-system air conditioning in all rooms make this functional for a professional couple or downsizer, who will value the 2015 build quality and storage cage. Who it serves best is a buyer seeking a low-maintenance park-side residence with suburb-level growth rather than a high-yield investment play. Call the agents to confirm flood insurance quotes and check the body corporate minutes for past water damage claims.
Detailed Independent Property Report prepared by PropCred Analyst team for 324/26 Jasmine Street, Botany NSW 2019
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Botany presents a compelling blend of industrial proximity and residential appeal, attracting downsizers, investors, and entry-level buyers seeking a live-work lifestyle near major employment hubs. Demand is underpinned by significant forecast population growth, which starkly outpaces new housing supply, creating competitive market conditions. While recent price growth has been modest, placing values below their long-term trend, the fundamental supply-demand imbalance suggests strong future upward pressure, though affordability and constrained development remain key constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
1.66 acres
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