G03/33 Simon Street, Tallawong NSW 2762
G03/33 Simon Street, Tallawong NSW 2762
2-bedroom flat apartment | Tallawong, Blacktown LGA | 2 bathrooms, 1 car space | 1.01 acre land holding | strong rental yield potential
This unit offers a rare configuration advantage: a flat apartment on a full acre of land within a growing corridor. For a buyer, this means you hold a residential unit with underlying land value that typically appreciates more steadily than strata-titled apartments. The two-bedroom, two-bathroom layout suits both owner-occupiers seeking space and investors targeting the reliable rental demand from families and professionals near Schofields Public School and Riverstone High School. The absence of bushfire, flood, or heritage overlays reduces due diligence friction, and 5G coverage supports modern tenant expectations. This property best serves a buyer who wants rental income now with a land-backed position for future capital growth.
The principal risk is that the land is shared across a multi-unit site, so your control over its development is limited. This reduces the premium you might otherwise pay for a standalone house on a similar block. The opportunity lies in the rental yield: at $595–$655 per week, the property generates strong cash flow relative to its valuation range. The 2015 purchase price of $495,000 shows proven appreciation, but future gains depend on broader Tallawong infrastructure and zoning stability. Hold this property for income, not speculation, and monitor Blacktown council planning changes for any intensification upside.
Detailed Independent Property Report prepared by PropCred Analyst team for G03/33 Simon Street, Tallawong NSW 2762
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Tallawong is a young, transit-oriented suburb positioned as a key growth corridor, with its metro link driving strong demand from young families and first-home buyers. This demographic is fuelling a robust and active housing market, evidenced by high sales volumes and competitive pricing. Recent price trends show significant house price appreciation, though unit performance varies, indicating a tight supply environment. Future growth is anchored by sustained infrastructure investment and urban development, yet key risks include potential affordability pressures and market sensitivity to interest rate changes given the rapid price gains.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.01 acres
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