9/550 Bunnerong Road, Matraville NSW 2036

First-floor apartment with private balcony and barbecue | Oversized 151 sqm internal with double master and built-ins | Flood overlay flagged but no heritage or bushfire constraints | Strong rental yield in family-oriented Matraville This property offers a rare configuration advantage in the eastern suburbs market. The 151 sqm internal area is substantially larger than typical two-bedroom apartments, and the double-sized master with mirrored built-ins, separate internal laundry, and undercover barbecue balcony give it the feel of a downsizer or young family unit rather than an investor floorplan. The secure parking allocation of two spaces is a material edge in a suburb where most apartments offer one. For a buyer seeking a long-term hold with strong rental demand, this unit competes with townhouses in price but offers lower entry and strata convenience. The flood overlay is the primary risk and must be quantified before exchange. It may increase insurance premiums and limit future strata borrowing for capital works, but it does not appear to have suppressed recent sales in the building. The property sits in a strong school catchment and within walking distance to Matraville village, which supports both owner-occupier appeal and tenant retention. Hold this as a core residential position; its size and layout will outcompete newer stock in the area over a five-to-ten year horizon.