402/298 Taren Point Road, Caringbah NSW 2229

402/298 Taren Point Road, Caringbah NSW 2229
2 bed / 2 bath / 1 car apartment | Established strata near station and hospital | Strong rental yield around 4.8% | Premium configuration over entry-level stock | Active redevelopment corridor This unit holds a competitive edge in Caringbah for its efficient 2-bedroom, 2-bathroom layout with an ensuite — a step above the standard 1-bedroom stock that dominates nearby rentals. The estimated weekly rent of $830 against a $892,000 value signals genuine income appeal, which suits investors and owner-occupiers seeking low-maintenance living close to transport, health services, and shops. The building’s established character, combined with FTTP NBN and modern internal presentation, makes it a reliable choice for professionals and downsizers who want convenience without sacrificing space. Its position on the Taren Point Road corridor places it within easy reach of Cronulla’s beaches and Miranda’s retail, broadening its appeal beyond purely local demand. Value may be shaped by the corridor’s ongoing shift toward higher-density development, with several nearby sites approved for larger apartment complexes, which could influence future supply and price stability. The arterial road location might introduce traffic noise, though this is typical for the area and often offset by walkability to the station and hospital. The lack of confirmed floor level or aspect for this specific unit means light and views remain uncertain, and these factors could affect resale appeal. Buyers should weigh the property’s strong rental credentials against the potential for newer stock entering the market, which might pressure older units over time.
Detailed Independent Property Report prepared  by PropCred Analyst team for 402/298 Taren Point Road, Caringbah NSW 2229
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk 2
Income Risk 2
Execution Risk 2
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Market Insight

Caringbah offers established suburban convenience within the Sutherland Shire, appealing to families and owner-occupiers drawn to its coastal charm and quality schools. Demand is driven by families for houses and a mix of first-home buyers and downsizers for units, supported by a stable property mix. While the house market has softened, unit values show resilience, with overall conditions balanced by consistent sales volume. Future appeal hinges on its community vibrancy, though premium house prices present an affordability constraint in a rate-sensitive environment.
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PropCred Estimated Value

Comparable Sales: 205/316 Taren Point Road sold $780,000 in April 2024; G04/298 Taren Point Road leased at $700/week | Property Price Band: $850,000–$950,000 | Value Drivers: two-bathroom layout, rental yield, proximity to transport and hospital

Bedrooms

3

Bathroom

2

Parking

2

Land

1677m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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