402/47 Beane Street, Gosford NSW 2250

Modern west-facing two-bedder | 99sqm internal | flood overlay detected | built 2020 with fibre and 5G This property offers a rare configuration advantage for a 2020-built apartment: a full 99 square metres of internal space, which is significantly larger than typical new-build two-bedroom units in Gosford and positions it well against both owner-occupier and investor demand. The west-facing balcony, master ensuite, and separate storage cage add genuine liveability points that competing stock often lacks. It is best suited to a downsizer or professional couple seeking a low-maintenance home with a strong rental fallback, given the current $570 per week lease and an estimated market rent of $680 per week. The flood overlay is the primary risk and will narrow the buyer pool, particularly among lenders and insurers, which may suppress future resale velocity and require a discount at entry. However, the property’s recent sale at $485,000 and current estimated value of $563,000 suggest the market has already priced in some of this overlay risk. The opportunity lies in securing the property below the estimated value, using the flood overlay as a negotiating lever, and holding for medium-term capital growth as Gosford’s infrastructure and density uplift mature. Hold this property for rental yield and wait for the overlay to be refined or removed.