4/31 Boronia Street, Kensington NSW 2033

quiet rear block | 2-bed flat in boutique block of 5 | north-facing potential | walk to light rail and UNSW This property sits in a rare configuration for Kensington,a boutique block of only five units with no common walls, which gives it a privacy edge most apartments in the area lack. The 65m² floorplan is genuinely functional for a couple or professional sharers, and the secure single garage adds tangible convenience in a suburb where parking is tight. For an owner-occupier seeking a quiet base close to UNSW and light rail, or an investor targeting the strong rental demand reflected in the street’s 65% renter mix, the unit holds competitive appeal. The north-facing aspect in similar units and the elevated rear position further support light and livability. The flood overlay is a real risk,it may affect insurance premiums and could narrow the buyer pool at resale. The estimated value of $985k sits above the $900k guide, meaning the buyer needs to factor in potential upward negotiation. The 57% auction clearance rate in Kensington suggests a market that is not running hot, so discipline at auction is warranted. The rental estimate of $900 per week offers a gross yield around 5.2% at the guide price, which is solid for the area. Hold this property as a long-term residential investment or primary home, and treat the flood overlay as a due diligence checkpoint rather than a dealbreaker if insurance is obtainable.