704/1 Markham Place, Ashfield NSW 2131

A 3-bedroom, 2-bathroom apartment with 2 parking spaces on 212 square metres of internal area. The property sits on the 7th floor of a modern building completed around 2022, within the Inner West Council area. What is competitively strong about this property is its size. At 212 square metres, it is significantly larger than most apartments in Ashfield, which typically fall between 60 and 90 square metres. This makes it a rare configuration in the suburb, more akin to a townhouse in floor space but with the convenience and security of apartment living. The two parking spaces are another edge, as most apartments in the area offer only one. The building is modern, only a few years old, which means lower immediate maintenance expectations and contemporary finishes throughout. This property best serves a family buyer or a professional household that needs three bedrooms and substantial living space but prefers the lock-and-leave lifestyle of an apartment over a freestanding house. Its position in Ashfield places it within a stable school catchment and close to transport and shopping, which supports ongoing demand from similar buyers. The factors that might materially affect value include the shared land component. While the building sits on a large 3220 square metre lot, there is no private outdoor space attached to this unit, which could limit appeal for some buyers who expect a garden or courtyard at this price point. The 7th floor position offers good light and views but may be a consideration for those concerned about lift access or emergency egress, though in a modern building this is unlikely to be a practical issue. The rental yield for similar properties in the building has been around 4 percent, which is reasonable for the Inner West but not exceptional. A buyer forming a view on price should weigh the premium for size and parking against the lack of private land and the typical yield expectations for the area.