4/62 Mary Street, Lilyfield NSW 2040

2 bed unit with water views | Lilyfield near Bay Run | remote garage undercover | freshly painted and carpeted | 3.84% rental yield The buying case for this unit rests on its combination of water aspect and a secure garage, a pairing rarely found in this price band within Lilyfield. The fresh paint and new carpet remove immediate friction for an owner-occupier, while the 3.84% rental yield signals that the property can be held without negative cash flow pressure. It serves best a professional couple or downsizer who values the Bay Run lifestyle and wants a lock-and-leave base with genuine outdoor space. The key risk is the 2016 purchase price—the property has appreciated slowly relative to the wider Inner West market, suggesting limited capital growth potential in the near term. Buyers should not expect a quick flip. The opportunity lies in the rental demand from the nearby aquatic centre and parkland, which supports a stable tenant pool if plans change. Hold this property for income and lifestyle use, not for speculative gain.