7/1 Gray Cres, Eastlakes NSW 2018

Level 2 unit in quiet crescent | Flood overlay present | Strong rental yield ~4.9% | Scope for value-adding updates This unit presents a competitively priced entry into a fast-growing Eastern Suburbs pocket, with its functional layout and light-filled interiors serving as a solid foundation. The strong estimated rental yield positions it well for an investor seeking cash flow, or for an owner-occupier able to offset costs through a tenant. Its quiet position within a well-maintained block is a key advantage in this market, best suiting a pragmatic buyer comfortable with a functional, rather than luxury, standard of finish. The flood overlay is a material risk that necessitates specific insurance enquiries and may impact future financeability. The commercial logic lies in acquiring a property below estimated value in a growth area, with clear scope to enhance capital value through modernisation. Proceed with a strata report to confirm building financial health, and structure any offer conditional on a satisfactory flood risk assessment. This property is a hold for medium-term capital growth, with its yield providing stability during that period.