427/28 Bonar Street, Arncliffe
SydNest Score: 3.1/5
Location 2 | Price 3 | Condition 3 | Amenities 5 | Neighbourhood 4
This two-bedroom apartment in Arncliffe offers looks decent, with a north-facing balcony facing the local school and atop a stormwater drain, a 10 minutes’ walk to Turrella and Arncliffe stations.
Ideal for households with incomes from $140,000 to $200,000
Please note: One bank requires a minimum 10% deposit, with a full valuation below 20% deposit.
The sales agent has not listed any pricing information but has made it appear in searches above $700,000. I expect that to be the lower end of the guide.
Valuation models have a median $790,000 with maximum of $859,000. The property last sold in 2015 for $670,000.
At $820,000, a 20% deposit (at least $205,000 including stamp duty) could be affordable for those with household income of at least $170,000, probably down to $140,000 if it’s an investment.
If you have a 5% deposit (at least $82,000 including stamp duty), this unit could be attainable with household income of at least $200,000, probably down to $170,000 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 Arncliffe:
Convenience:
Budget-Friendly: Housing in Arncliffe is generally cheaper compared to closer-in suburbs, making it attractive for young professionals, families, and first-time buyers.
Superbly Connected: Arncliffe boasts exceptional public transport options. Not only does it have two train stations (Arncliffe and Turrella) on the T4 Eastern Suburbs & Illawarra line, but also Wolli Creek Station on the T8 City Circle line, all within a 15-minute walk from most locations in the suburb. This provides easy access to Sydney's CBD, surrounding areas, and other destinations along the City Circle loop.
Evolving Scene: The suburb is undergoing a revitalisation with new cafes, restaurants, and shops adding a trendy vibe to the area.
Culturally Diverse: Arncliffe boasts a strong Middle Eastern influence, evident in its delicious and affordable restaurants. The suburb fosters a welcoming community spirit.
Green Pockets: Arncliffe might not have vast parks, but it does have Arncliffe Park and Poulton Park, perfect for picnics, walks, or just unwinding outdoors. There are green spaces like Wolli Creek Regional Park and Girraween Picnic Area offering opportunities for walking, picnicking, and enjoying nature. The Cooks River also provides a scenic waterfront element.
Here’s what the unit offers:
Two large bedrooms with built-in robes
Open living and dining area
Modern kitchen with stainless steel appliances
Two bathrooms, including an ensuite
Internal laundry
Secure parking for one car
North-facing balcony
If you like it
Inspection is by request. Visit my website if you would like me to arrange your finance.