Prime Location, Minimal Costs, Maximum Yield

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6/29 McCourt Street, Wiley Park NSW 2195

$500,000 - $550,000

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$500k - $525k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 1 Bath 1 Car 71 m²

Listed: 8 days ago

Updated: yesterday

Overview

This well-positioned 2-bedroom unit in a sought-after Wiley Park locale offers an attractive proposition for both investors and owner-occupiers looking for convenience and value. The home benefits from built-in robes and split-system air conditioning in both bedrooms, ensuring comfort throughout the year.

The open-plan living and dining area is complemented by direct access to a balcony, inviting natural light and a connection to the outdoors, enhancing the sense of space. A modern kitchen fitted with a gas cooktop provides a functional and efficient cooking environment.

An allocated off-street parking space at the rear further enhances the practicality of the property, ensuring secure and convenient vehicle access.

Professionals and investors will appreciate the low strata fees, approximately $739 per quarter, keeping ongoing costs manageable, alongside council and water rates, which further contribute to the property's strong yield potential. The property is currently tenanted, offering immediate rental income with minimal hassle.

Its strategic position near Wiley and Lakemba train stations delivers excellent transport links, while proximity to Roselands Shopping Centre, only an eight-minute drive away, and local cafes, retail centres, and parks ensures everyday amenities are well within reach.

Local Market Insights

In Wiley Park, Quiet Listings observed 4 new units entering the market over the last 30 days, down from 5 during the previous 30-day period, with an average advertised asking price of $619,750. The property type mix of listed properties is predominantly Houses at 46%, followed by units (31%), and apartments (23%). The most active agency for units in the Wiley Park area is currently Raine & Horne, representing 50% of new listings, followed by Ray White with 50%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.