6/21 Railway Parade, Westmead NSW 2145

6/21 Railway Parade, Westmead NSW 2145
2 bed | 1 bath | 2 car spaces | 128mยฒ | rental-heavy complex | Westmead health precinct The two-car parking on a 128mยฒ floorplate is the standout competitive edge here, rare for a Westmead apartment at this price point. The configuration serves a buyer seeking genuine space and secure parking near the hospital and train, a combination that typically commands stronger rental demand and tighter vacancy. This property suits an investor targeting the health workforce or an owner-occupier wanting long-term practicality over polish. The primary risk sits in the building profile: 75% renter occupancy and a single sale in recent records point to possible strata fatigue or deferred capital works. The 1991 last sale date suggests a very long hold, which can mask maintenance lag. The opportunity is that a well-located, generously sized unit with dual parking in a rental-heavy block often trades below replacement cost, leaving room for value uplift if common areas are sound and levies are stable.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 6/21 Railway Parade, Westmead NSW 2145
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Market Insight:

Westmead presents a compelling profile of a suburb in transition, anchored by a highly educated professional demographic. Demand is driven by this established resident base, creating a robust rental market with rising yields, particularly for units which offer strong affordability. The housing segment has experienced exceptional capital growth, though units show more measured appreciation. Future performance is underpinned by this sustained rental demand, though the market’s trajectory will be influenced by broader economic conditions affecting its high-income earners.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

2

Land

2178mยฒ

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