Fifth-floor refurbished unit | 3 bed, 2 bath, 2 car configuration | Prime school catchments | In-complex comparables support value
This property presents a competitively strong offering within its complex, defined by its three-bedroom, two-bathroom, and two-car configuration—a combination that is rare and highly functional for upsizers or small families seeking apartment living. Its fifth-floor position and recent refurbishment command a premium, while its placement within the catchments of high-demand government and independent schools directly targets a specific, motivated buyer segment seeking educational access. This unit serves owner-occupiers most effectively, providing a turnkey solution in an active market.
The decision hinges on the price point, which sits at the upper limit of evidenced value. The primary risk is paying a refurbishment premium not fully supported by recent comparable sales data within the complex, as the last sale of this unit was over three years ago. The opportunity lies in securing a scarce, well-finished configuration in a tight school zone; the commercial logic is that such scarcity sustains capital holding power. Proceed only if the purchase aligns with a long-term hold strategy to absorb market cycles, not for short-term trade.
Recent in-complex sales indicate a value benchmark:
– 128/220 Greenhill Road: Sold for $1,210,000. Configuration: 3 bed, 1 bath, 2 car, 114m².
– This subject unit, with an additional bathroom and refurbishment, justifies a premium over the above sale, anchoring the current asking range. The lack of more recent, directly comparable sales necessitates caution, but the functional superiority of this floorplan is clear.