Apartment & Unit

Victor Road, Brookvale NSW

Victor Road, Brookvale NSW 2100 is a modern two-bedroom, one-bathroom apartment located in the heart of Brookvale's vibrant community. With its contemporary design and proximity to essential amenities, this property presents a promising opportunity for investors seeking both rental yield and long-term capital growth.

purchase Price

$645,000

Purchase Date

December 2020

Sale type

Tender

Client Type

Owner Occupier

Deposit

$64,500

Beds, Baths, Cars

1, 1, 1

$155,000

Equity Increase

24%

Total Capital Growth

0.43%

Monthly Capital Growth

5.20%

Annual Capital Growth

Why This Property

Brookvale is a suburb experiencing significant transformation, with ongoing infrastructure developments and urban renewal projects enhancing its appeal. The recent approval of a $22 million, four-storey apartment complex with 68 residential units on Pittwater Road signifies the area's commitment to growth and modernisation.The median unit price in Brookvale is approximately $730,000, with units renting for around $730 per week, offering a rental yield of 3.9%. This unit, priced below the median, provides immediate equity potential. Its modern amenities, secure parking, and proximity to transport links and shopping centers make it attractive to a wide tenant demographic, ensuring consistent rental demand. Additionally, the suburb's ongoing development and increasing desirability suggest strong prospects for capital appreciation, making this purchase a strategic addition to an investment portfolio.

About Brookvale

Brookvale, located in New South Wales, Australia, is a vibrant suburb known for its blend of industrial and residential areas. The environment is characterised by a mix of commercial establishments, including shopping centres and local businesses, alongside green spaces like Warringah Park. As an investment opportunity, Brookvale offers potential due to its strategic location near Sydney's Northern Beaches, making it attractive for both residential and commercial developments. The ongoing infrastructure improvements and proximity to major transport links further enhance its appeal to investors seeking growth in property values and rental yields.

Local Government Area

Todd Waugh

Buyers Agent

Director

Todd Waugh is a highly experienced and trusted Buyers Agent, known for his unwavering commitment to delivering smart, strategic property outcomes. With a calm and considered approach, Todd empowers his clients to make confident decisions across all stages of their property journey.