5/72-74 Water Street, Auburn NSW 2144
5/72-74 Water Street, Auburn NSW 2144
This is a 3-bedroom, 2-bathroom townhouse with 2 garage spaces, an ensuite, built-in robes, air conditioning, a balcony, and a fully fenced yard. It sits on a 1,278 m² lot shared with 7 other properties in a complex on Water Street in Auburn.
This property is competitively strong because it offers a rare combination of a 3-bedroom floorplan with a private yard and a double garage, features not commonly found in standard Auburn units. The fully fenced outdoor space and air conditioning make it a standout for families or tenants seeking a low-maintenance home with genuine separation between living and sleeping areas. Its position in a complex with 90% occupancy signals consistent rental demand, and the estimated rental yield of around 5% is solid for the suburb. This property best serves a buyer looking for a high-demand rental investment or a family wanting a townhouse lifestyle without the detached house price.
The property’s value may be influenced by its shared land title, which could limit future subdivision or renovation potential compared to a standalone house. The higher valuation relative to other 3-bedroom units in the same building suggests it might have superior internal space or finishes, but this should be verified in person. The lack of hazard overlays is a positive, but the building’s age is unknown, so maintenance costs or strata levies could affect long-term holding costs. Buyers should weigh the strong rental yield against these potential ownership constraints.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/72-74 Water Street, Auburn NSW 2144
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Auburn presents a dual market, with strong family demand for houses and high investor interest in units. Couples with children, often in skilled trades, drive owner-occupier demand, drawn by established schools and transport links. The housing market exhibits robust growth, while units offer compelling rental yields, attracting investment. Future growth is underpinned by its connectivity and mixed-use amenity, though high house prices present an affordability constraint and the substantial unit supply requires careful selection.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1278m²
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