504/28 Cambridge Street, Epping NSW 2121

1-bed apartment in Poly Horizon Tower C | 164m² block size | Epping Public & Boys High catchments | 5G coverage | No overlays This unit presents a competitively large land entitlement for a one-bedroom apartment, a rarity that underpins its long-term value proposition. Its position within a sought-after public school catchment and absence of environmental overlays provide a stable, low-risk foundation. This property is best suited for an owner-occupier seeking space and schooling or an investor targeting durable rental demand from similar demographics. The primary risk is the building’s demonstrated low capital growth, evidenced by a near-flat annual growth rate for a recently sold unit. This necessitates a long-hold strategy to amortize transaction costs. The recent high rental yield achieved on a comparable unit, however, offers immediate income support. Acquire for hold, leveraging the yield to service the asset while banking on its land component and location to outperform the building’s average in the long term. Recent sales in the building provide critical context: – Unit 402 (1 bed/1 bath) sold for $665,000 in August 2024 and achieved a $720 weekly rent, a 5.63% yield. – Unit 101 sold for $500,000 after eight years, reflecting minimal annual growth. This data signals that while rental returns can be strong, capital appreciation has been weak. Your purchase price must account for this growth history, making the current yield a central component of your investment logic.