435/1D Lemon Tree Avenue, Melrose Park NSW 2114

Modern 2-bedroom in owner-occupied complex | 126sqm offers rare space | Direct comparable sold $840k Jan 2025 | Strong school catchment within 1km The unit’s 126sqm floorplate positions it well above typical 2-bedroom apartments in the area, where median sizes sit lower, and within a building profile that is 75% owner-occupied—a structural advantage for buyer appeal and building governance. The recent sale of unit 636 in the same complex for $840,000 provides a reliable price benchmark, suggesting the property sits within the low-to-mid $800k range. Its location near Melrose Park Public School and within a family-oriented catchment makes it most suitable for owner-occupiers seeking space and stability over pure investment yield. The primary risk is the absence of disclosed strata levies and building age, which could affect holding costs and future capital works contributions. The 0% auction clearance rate for 2-bedroom units in Melrose Park signals a subdued buyer pool, potentially limiting resale velocity. However, the opportunity lies in the property being just listed with no asking price published—this allows a buyer to negotiate from a position of data, using the January 2025 comparable as a ceiling, and the 51-day average days on market to apply pressure if the listing lingers.