The price on this two-bedroom apartment located in Rockdale, has been reduced, with the vendor now accepting offers from $549,000. The property is reduced from the initial asking price of $569,000 when it was originally advertised in November 2021 and was last sold in 2012 for $312,000 and in 2003 sold for $250,000. In November 2020, the property was last advertised for $360 a week in rent. The vendor is hoping the reduced price will attract buyers after spending several months on the market. The apartment currently has a tenant on a fixed term lease until 10/10/22.
According to Perry Theo and Kassem Sabra from Domain NSW Real Estate; the open plan unit is located on the top floor and comprises of two bedrooms and one bathroom. The secure boutique block is a short walk away from shops, schools and Rockdale Train Station.
Now, Lets see what the numbers show. Asking sales prices for 2-bedroom units in postcode 2216 have increased by 4.9% over the year to 26 July 2022. You can view recent sales in 2216 here. Over the last 12 months, the vacancy rate has decreased to 1.4% in July 2022 from 4.1% in July 2021.
However, asking rents for units in postcode 2216 have increased 15.5% over the last 12 months. The gross rental yield on 2-bedroom units currently sits at 3.9%. Given these figures, equip yourself with the latest market research, as you could possibly drive a harder bargain with the seller.
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