201/15 Brodie Spark Drive, Wolli Creek
SydNest Score: 4.2/5
Location 5 | Price 4 | Condition 3 | Amenities 5 | Neighbourhood 3
This dual-key two-bedroom apartment on the second floor is built for investors seeking passive income. It offers an estimated net yield of 4.5%.
Ideal for households with incomes from $160,000 to $250,000
The sales agent has been very transparent and listed it for $1,159,000.
I don’t have any valuation data on this property, but I have calculated it to yield 4.5%.
Please note: One bank requires a minimum 20% deposit and a full valuation. If you want help navigating finances surrounding this purchase, contact me through my website.
At $1,159,000, a 20% deposit (at least $290,000 including stamp duty) could be affordable for those with household income of at least $210,000, probably down to $160,000 if it’s an investment.
If you have a 5% deposit (at least $116,000 including stamp duty), this unit could be attainable with household income of at least $250,000, probably down to $195,000 if it’s an investment.
Of course, these estimates are subject to so many things, which you can read about in my disclaimer.
What I love about Wolli Creek
Convenient public transport with easy access to train stations and buses
Proximity to shops, restaurants, and cafes for a vibrant lifestyle
Scenic parks and riverside walks, ideal for outdoor activities
Close to Sydney Airport, making it perfect for frequent travelers
Here's what the apartment offers
Dual-key configuration offering flexibility for dual living or investment purposes.
Two spacious bedrooms with built-in wardrobes.
Modern kitchen with stainless steel appliances and ample storage.
Open-plan living and dining area with natural light.
Two well-appointed bathrooms.
Private balcony with district views.
Secure car space and additional storage cage.
Access to complex amenities including a gym and swimming pool.
Keep in mind ongoing costs:
Strata levies: $2,009 per quarter.
Council rates: $374 per quarter.
Water rates: $220 per quarter.
Rental potential: No valuation data available but the agent did say it generates $1,300 per week. Vacancy rates and property management fees should be considered when evaluating potential investment income.
If you like it
Ask the agent to inspect the unit. Visit my website if you would like me to arrange your finance.