4/67 Derrima Road, Crestwood NSW 2620

First-floor two-bedroom unit | 1972 walk-up block | Established rental demand | Proximity to Queanbeyan and Canberra This unit offers a compact but functional floorplan in a well-located 1970s block, supported by consistent rental demand in the area. The reported 6.5% gross yield, based on current leasing at $425 per week, positions it as a viable option for an investor seeking steady income from an established complex. The building’s track record of comparable sales and rentals suggests reasonable liquidity, and the NBN fibre connection adds to its appeal for tenants or owner-occupiers who work remotely. First-home buyers may also find the price point accessible, though the unit’s age and size mean it is best suited to those prioritising affordability over space. The main constraint is the lack of clarity around strata fees and any special levies, which could materially affect holding costs. The 1972 build date also raises the possibility of deferred maintenance, particularly in common areas, that requires verification through a building inspection and strata records. While the rental income appears solid, the lease until April 2027 may limit an owner-occupier’s immediate use. Confidence in the property is reduced until the full cost of ownership and the condition of the unit and complex are confirmed.