2406/42 Walker Street Rhodes NSW 2138

2406/42 Walker Street Rhodes NSW 2138
1 bed apartment |Sold $835K in 2023 |Now listed ~$885K+ |78sqm internal on 892sqm lot |Suits singles or couples seeking low-maintenance urban living near schools and transport. This one-bedroom apartment with one bathroom, one parking space, and 78sqm internal area on an 892sqm strata lot appeals to first-home buyers or investors prioritizing convenience over space. Its practical layout, including air conditioning, balcony, and secure parking, supports straightforward daily living without excess maintenance. Positioned on Walker Street within a residential strata building under Canada Bay Council, it avoids bushfire, flood, or heritage risks, enhancing its straightforward ownership profile. Buyers drawn to similar one-bedroom units here typically include young professionals or downsizers valuing NBN fibre connectivity and 5G coverage for work-from-home setups. Comparable apartments in the development have transacted steadily, like a nearby unit at $800,000 in 2021, signaling consistent demand for this format. The property’s 2023 sale at $835,000 followed by a current listing around $885,000 reflects measured price growth aligned with local apartment trends. Long-term holding value stems from its school catchments, including Concord West Public and Homebush Boys High, which attract stable tenant pools for investors. Overall, it holds position as a reliable, no-frills option in a market favoring compact, connected residences.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Rhodes demand is being driven by new waterfront and mixed-use developments, tight listings and strong transport links to the CBD that keep rental demand elevated. Buyers chase lifestyle convenience and steady returns, while growth hinges on continued precinct upgrades even as high-density supply and affordability remain the main risks to momentum. Over the past six months prices have broadly held firm to slightly positive, underpinned by limited stock and heightened competition despite properties taking a touch longer to sell.

PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

Built

Recent Assessments