5/14 Selwyn Street, Merewether NSW 2291

2 bed unit | Merewether beachside | strong recent comparable at $695k | rental yield 4.0-4.6% | long-term capital growth proven This unit sits in a small, tightly held Merewether complex, a suburb where well-located apartments are structurally undersupplied relative to demand from downsizers and professionals. The comparable unit at 3/14 Selwyn Street transacting at $695,000 in May 2024 provides a recent, reliable pricing benchmark, and the implied gross yield of 4.0-4.6% is solid for a beachside location with strong owner-occupier gravity. For a buyer seeking a low-maintenance entry into a premium coastal suburb with proven long-term capital appreciation, this property offers a defensible position. The primary risk is the absence of confirmed strata levies, internal condition, and exact floor area—each can materially affect holding costs and buyer appeal. The 2016 purchase at $256,000 and subsequent growth to an estimated mid-$700k value reflects strong market tailwinds, but future gains may moderate. The opportunity lies in securing a unit in a small complex where owner-occupier demand limits turnover, and where rental demand from professionals provides a reliable income floor if needed. Due diligence on strata records and a physical inspection are essential before proceeding.