6/202 Victoria Road, Punchbowl NSW 2196

Flood overlay detected | Post renovation has already been sold once | Rental yield is not strong for price point The property carries a known flood overlay, which may increase insurance costs and limit future capital growth relative to unaffected properties in Punchbowl. The flat was purchased in “as-is” condition at a price that already reflected the need for a full renovation, and has now been renovated and re-listed. The buyer is paying for renovation already done, without the benefit of buying at the pre-renovation discount. Yield at mid-range rent is below 5.5%, which is moderate for a strata unit. Hold only if equity gain is not the primary objective; this is best suited to owner-occupancy or low-growth holding. The unit is in a small strata complex on a large block, which may reduce scheme complexity. It has a balcony, courtyard, car space, and built-in robes, which are practical features for a first home buyer or downsizer. The metro station is under construction nearby, adding future transport upside. This property serves buyers seeking a ready-to-move-in unit with basic amenities in a stable suburb. A buyer should seek an independent flood risk report and check strata records for levy increases before proceeding.