7/32-36 Underwood Road, Homebush NSW 2140

1-bed apartment | 1 car space | flood overlay | strong rental yield This property offers a rare combination in Homebush: a genuinely compact one-bedroom unit with a dedicated car space, which is increasingly difficult to find in this price bracket. The strong rental demand and yield potential, supported by recent leasing evidence, make it a compelling proposition for an investor or a first-time buyer seeking immediate cash flow. The configuration is efficient, not compromised, and the presence of modern features like air conditioning and a balcony adds to its appeal for tenants. The flood overlay is the primary risk, potentially increasing insurance costs and limiting future development or resale appeal to cautious buyers. This is a known, priced-in factor that a buyer can use to negotiate. The small floor plan also caps owner-occupier demand. The opportunity lies in holding the property for its rental income, using the strong yield to offset holding costs while waiting for broader market appreciation in the area. Buy it for the yield, not for the land.