106/3 Nina Gray Avenue, Rhodes NSW 2138

Townhouse in Rhodes | 3-bedroom with parking | Strong comparable at $1.98m | Pool complex | Stable owner base This property sits in a tightly held complex where one in three owners have held for over a decade, which signals low turnover and limited supply when units do come to market. The recent sale of 103/3 at $1.98m establishes a credible floor for negotiation, especially given this unit shares the same pool and building amenities. For a buyer seeking a turnkey townhouse in a waterfront suburb with strong rental demand and capital growth, this represents a rare entry point into a complex that rarely sees listings. The floorboards and air conditioning reduce immediate outlay, and the secure parking adds practical appeal for owner-occupiers or investors targeting the professional tenant market in the Olympic Park corridor. The primary risk is that the guide price sits below the recent comparable, which may indicate a need for cosmetic updates or a shorter leasehold term—though no structural issues are flagged. Buyers should verify the exact lot size and any sinking fund obligations, as townhouse complexes can carry unexpected levies. The off-market estimate for 102/3 at $1.874m suggests the complex has not yet fully repriced to the December sale, so there may be room to negotiate below the $2m guide if the vendor is motivated. Hold this property for medium-term capital gain or lease it at $1,000–$1,100 per week to cover holding costs while the suburb benefits from continued infrastructure investment.