4/21-29 Third Avenue Blacktown NSW 2148

2-bedroom apartment | 114m² internal | strata block on 4313m² site | Blacktown North school catchment | off-market since June 2025. The buying case rests on the property’s size advantage and recent price momentum. At 114m², this unit offers internal space well above typical two-bedroom apartments in the area, which translates into a stronger rental yield and better owner-occupier appeal. The 2005 build avoids the compliance and defect risks of older stock, while the large strata block of over 4,300m² suggests lower per-lot land value and potentially more stable sinking fund contributions. This property suits a buyer seeking a long-term hold in a catchment with consistent demand from families and professionals, where the larger floorplan creates a clear differentiation from competing listings. The primary risk is the absence of flood, bushfire, or heritage overlays—positive for insurance costs but indicating no scarcity premium from location constraints. The recent sale at $410,000 in June 2025, up from $380,000 in 2023, shows modest but steady capital growth, yet the estimated value of $427,000 leaves limited short-term upside. The opportunity lies in the rental income of $565 per week, which supports a gross yield near 6.9%, strong for the area. The FTTP connection is a minor convenience, not a price driver. Hold this property for cash flow and wait for the next cycle; it is not a flip candidate.