439/1 Finch Drive, Eastgardens NSW 2036
439/1 Finch Drive, Eastgardens NSW 2036
East-facing level 4 | 98mΒ² internal size edge | 5% rental yield | Walk to Westfield | Modern, as-new condition
This unit presents a competitively strong proposition due to its above-average internal area and dead-east aspect on a mid-floor, delivering morning sun and privacy rare in the apartment market. Its ‘as-new’ condition with ducted air, modern kitchen, and ensuite bathtub positions it as a premium offering within its block, best serving an owner-occupier seeking light and space or an investor targeting the documented rental demand from students and convenience-focused tenants. The direct access to Westfield and transit underpins its appeal.
Proceed with the flood overlay requiring immediate due diligence via council, as this impacts insurance costs and future saleability. The strata report must be scrutinized for capital works planning. The pricing sits at the upper end of current estimates, so any offer must be anchored against the 2017 sale price and the lack of detailed recent comparable sales in Eastgardens. This property is a hold for long-term capital growth driven by its scarcity attributes, not short-term gain.
Recent comparable sales data is limited, with the last sale of this specific unit being nine years ago at $1.055 million. While general recent sales in Eastgardens are referenced, no specifics are provided, making precise valuation difficult. The mention of a Wolli Creek comparable suggests agents are looking outside the immediate suburb to justify price, which weakens the local market evidence. This lack of fresh, direct comparables requires a conservative approach to value.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Eastgardens is a residential suburb in Sydney’s eastern suburbs, characterised by a high proportion of strata apartments. Demand is driven by a young, professional demographic, many of whom are currently renting, seeking convenience and lifestyle. The house market has experienced exceptionally strong recent growth, while the unit market has seen more moderate performance. Future dynamics will be shaped by its established apartment supply and its appeal to first-home buyers and investors, though its position near fair value suggests a stabilising trend.