5/5-7 Bellevue Avenue, Lakemba NSW 2195

2-bedroom unit in Lakemba | 86m² internal with balcony and parking | Flood overlay present | Strong rental demand near schools and transport This unit offers a compelling entry point for a buyer seeking a well-proportioned two-bedroom property with genuine scarcity in the area. The 86m² internal size is notably generous for a modern apartment, and the inclusion of a single car space and balcony adds practical appeal that many competing units lack. Positioned within a small complex on a 1114m² parcel, the building’s low site coverage and modest height suggest a more suburban feel than typical high-density blocks. The property is best suited to an owner-occupier looking for space and amenity, or an investor targeting stable rental demand driven by proximity to schools and transport. The recent rental history and current listing at $670 per week confirm strong lettability. The flood overlay is the primary risk and must be investigated thoroughly, as it may affect insurance premiums and future resale appeal. However, the property has no bushfire or heritage constraints, and the building’s age and construction type are not flagged as problematic. With the last sale in 2005 and no recent comparable transaction for this unit, pricing is less transparent, but the 2025 sale of a similar unit in the same complex at $620k provides a useful benchmark. The opportunity lies in acquiring a larger-than-average unit in a tightly held complex with proven rental performance. Hold for steady rental income or occupy for lifestyle advantage, and monitor flood risk as a negotiating lever.