8/13-17 Miranda Road, Miranda NSW 2228

2 bed unit in large complex | Miranda central location | flood overlay present | aligns with suburb median This unit presents a standard Miranda apartment configuration at a price point matching the suburb median, offering a functional entry into a well-serviced central location. Its position within a large strata complex on a substantial 2,531m² lot is less common than townhouse living and may appeal to buyers seeking apartment convenience with a greater sense of space. The high-confidence rental estimate signals steady demand, making it suitable for an investor or an owner-occupier seeking future letting flexibility. The primary financial risk is the flood overlay, which may affect future insurance premiums and requires immediate due diligence. The strata report is essential to assess capital works and sinking fund health, as large blocks incur specific maintenance costs. Given the alignment with median pricing and no standout premium features, this property should be acquired at or below the estimated value to preserve equity, and is best held as a long-term rental or first home with a clear exit strategy for the flood risk. Recent comparable sales data is limited for the specific unit, but provides context: – The unit itself last sold for $596,000 in September 2019. – The broader 13-17 Miranda Road block shows an estimated sale price of $1,217,000 for an unspecified apartment. This disparity underscores the importance of unit-specific factors like floor level and condition. The 2019 sale price establishes a growth trajectory, but the current asking range demands scrutiny against the unit’s exact attributes and the building’s strata health to validate its premium over the suburb median.