605/5 Grattan Close, Forest Lodge NSW 2037

2 bed, 2 bath, 110m² | strata site edge, not unit size | 50% owner-occupied building | flood overlay present | Forest Lodge, 32-day market This unit’s competitive strength lies in its generous 110m² internal area within a building where half the residents are owners, not renters,a signal of stable tenure and likely better building care. The 2.34-acre strata site is unusually large for a 33-unit block, meaning shared grounds and parking are less cramped than typical infill apartments. For a buyer seeking genuine two-bedroom space in a tightly held suburb with a young, educated demographic, this floorplan offers a rare alternative to the 96m² norm. The property suits owner-occupiers who value room to live over investment yield, particularly those working or studying near the University of Sydney or Royal Prince Alfred Hospital. The flood overlay is the primary risk, and it is not trivial; it may affect insurance premiums and resale liquidity in a downturn. The 47% auction clearance rate for two-bed units in Forest Lodge suggests softening demand, so buying off-market or before auction may strengthen your negotiating hand. With no recent building sales to anchor pricing, the Domain estimate of $1.44m should be tested against the 6 Grattan Close comparable at $1.555m. Hold this property as a long-term home in a suburb with constrained supply, not as a short-term trade.