5/4-6 Gibbs Street, Miranda NSW 2228

Boutique block, tight-held pocket | 3-bed townhouse under $1.1m in Miranda | Dual-street access, renovation upside | School catchment, station walkable. The property sits in a tightly held Miranda block of seven units, a configuration rarely offered and competitively priced below the suburb’s three-bedroom house median. Dual street access and a garage improve liveability and exit appeal, while the 1415m² land parcel and absence of overlays reduce structural risk. The unit is best suited to a buyer seeking entry into a growth corridor with renovation scope, or an investor targeting a value-add by modernising the original condition interior. The main constraint is the single bathroom in a three-bedroom layout, which limits appeal to families and resale depth. No recent street sales data reduces benchmark certainty, and the 50% renter mix in the block may affect lending appetite for some buyers. Opportunity lies in reconfiguring kitchen and bathroom to lift rental yield toward the upper end of the $700–$840pw range. Hold for capital growth off a low entry point, or renovate and hold for a forced equity event.