910/12 East Street, Granville NSW 2142

1-bed with car space near Granville station | Tenanted to Aug 2026 at $630pw | Strong yield for entry-level investor | No flood or bushfire overlay This property presents a rare combination of immediate rental income and above-market yield for a one-bedroom apartment in a transport-oriented suburb. The existing lease at $630 per week until August 2026 provides a buyer with guaranteed cash flow from settlement, and the inclusion of a dedicated parking space improves tenant retention and rent potential compared to similar units without one. The absence of flood or bushfire overlays removes common financing hurdles, and the building’s mixed owner-renter profile suggests a stable complex rather than a purely speculative one. This unit suits an investor seeking a low-management holding with a yield in the high sixes to low sevens, or a first-home buyer prepared to wait out the lease for a well-located entry point near Parramatta. The primary risk is that capital growth for one-bedroom apartments in Granville tends to track steadily rather than spike, and the lease lock-in until 2026 removes the option of immediate owner-occupation. Strata levies should be verified as they directly affect net return at this price point. The opportunity lies in the current rent being at the lower end of the estimated range, meaning a lease renewal in 2026 could push income toward $660–$700 per week without significant capital outlay. Hold this property as a buy-and-hold rental with a five-year horizon, and refinance after the lease ends to release equity for the next purchase.