8/8 Elizabeth Street, Allawah NSW 2218

Ground floor unit | oversized 122sqm layout | rare tandem parking | strong suburb growth 12.4% The unit’s 122sqm internal area is unusually generous for a two-bedroom apartment and positions it well against the Allawah median of $800k. The ground floor configuration with a covered entertainer’s balcony and huge eat-in kitchen offers genuine renovation upside in a suburb where units sell in 18 days on average. The tandem garage is a rare advantage in a security block of 12, and the 55% owner-occupier profile in the street suggests stable building standards. This property suits first home buyers seeking space or investors wanting a value-add opportunity in a high-growth corridor near transport. The risk is the absence of recent comparable sales in this specific building, meaning the $825k estimate relies on broader suburb data rather than local evidence. Renovation potential is real but the kitchen and layout work will require capital outlay with no guarantee of immediate resale premium. The rental yield of 4.1% supports holding while value accrues, and the 12.4% annual growth rate in Allawah reduces downside. Hold for medium-term capital gain or renovate and refinance to extract equity.