66/10 Bidjigal Road, Arncliffe

SydNest Score: 3.4/5

Location 3 | Price 3 | Condition 5 | Amenities 2 | Neighbourhood 3

This three-bedroom apartment is on the 8th floor. I believe it is 9 years old and the lovely north-east facing balcony offers City views.

The property sold for $1,055,000 on 22 June 2024.

Ideal for households with incomes from $160,000 to $220,000.

The sales agent initially listed a price guide of $900,000, but has since removed it and makes the listing appear when searching above $900,000.

Last sold for $922,000 in 2022 and the desktop valuations suggest around $905,000 today.

At $930,000, If you have a 20% deposit (at least $190,000), this unit could be attainable with household income of at least $190,000, probably down to $160,000 if it’s an investment.

If you have a 5% deposit (at least $47,000 deposit), this unit could be attainable with household income of at least $220,000, probably down to $190,000 if it’s an investment.

Note: One bank insists on a full valuation at this address, and probably won’t go above 80% loan-to-value ratio. Depending on the bank and your situation, financing this unit might be a little tricky. However, you can contact me at my website if you want to talk more about this.

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 apartment offers:

Open living and dining area with access to a balcony.
High ceilings and large windows provide natural light.
Kitchen has stone benchtops, gas cooking, and a dishwasher.
Master bedroom has a built-in robe and ensuite.
Second bedroom has a built-in robe and balcony access.
Third room can be used as a bedroom, office, or games area.
Large rooftop terrace offers additional outdoor space.
Air conditioning
Study nook
Lift access to both floors
Secure car space

Keep in mind ongoing costs:

Strata levies: Unknown, ask the agent

Council rates: Unknown, ask the agent

Water rates: Unknown, ask the agent

Rental potential: Valuation models suggest a weekly rent of between $960 and $1000 per week. Vacancy rates and property management fees should be considered when evaluating potential investment income.

If you like it

Good luck with the inspection, this Thursday 5pm and Saturday at 9am. Visit my website if you would like me to arrange your finance.