623/2E Charles Street, Canterbury NSW 2193

2-bed, 2-bath apartment | 117sqm internal | Canterbury | auction 23 May This unit offers an unusually generous internal area for a two-bedroom apartment, a rare configuration in Canterbury where most new stock trades square metres for amenity. The 117sqm floorplan gives genuine separation and living space, making it functionally closer to a small townhouse than a typical flat. With one parking space and a 50% owner-occupied surrounding block, the buyer gets a more stable demographic mix than nearby renter-heavy buildings. It suits owner-occupiers seeking space without a house price, or investors targeting the premium end of the unit market where vacancy risk is lower. The main risk is the auction timeline—only two days on market before first inspection suggests either an aggressive vendor or a price expectation that may not match the $804,000 estimate. The January 2024 sale at $680,000 shows recent capital growth, but that pace may not repeat given rising stock in Canterbury. The 81% clearance rate in the suburb supports demand, but this property sits above the median, narrowing the buyer pool. Opportunity lies in the floorplan edge—few comparable units offer this size. Hold for medium-term owner-occupancy or rent to a professional couple; avoid flipping.