9/16-24 Chapman Street, Gymea NSW 2227
9/16-24 Chapman Street, Gymea NSW 2227
North-facing unit in Gymea | 144sqm internal with two balconies | Flood overlay detected | Suits owner-occupiers seeking space over land.
This unit’s 144sqm internal area and two generous balconies are rare for a two-bedroom apartment in Gymea, giving it a competitive edge over typical compact flats in the same price bracket. The north-facing orientation and secure complex with two garages appeal strongly to first home buyers or downsizers who prioritise liveable space and low-maintenance living over land ownership. The flood overlay is the primary risk, as it may affect insurance premiums and resale liquidity; a professional flood report is advised before committing. However, the property’s size and layout create a clear rental yield opportunity at $720–$820 per week, offering a fallback if the buyer’s circumstances change. Hold this unit as a long-term home or income-producing asset, given its functional floor plan and Gymea’s stable demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/16-24 Chapman Street, Gymea NSW 2227
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Gymea is a well-established family suburb, underpinned by its reputable schools and parks, attracting professionals and established families. Demand is driven by this appeal for a safe, long-term environment, supported by a diverse housing mix. The market demonstrates stability with consistent sales activity, though high entry prices present an affordability constraint for some buyers. Future growth is anchored in its enduring appeal and balanced supply.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
3126m²
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