205/88 Rider Boulevard, Rhodes NSW 2138

Oversized one-bedroom | study doubles as second room | strong rental yield | Mirvac build quality This unit offers a rare configuration advantage in the Rhodes market: a genuine 96-square-metre floor plan with a separate study that can function as a second sleeping area, giving it the utility of a small two-bedroom without the price premium. The newly installed timber floors and ducted air conditioning remove immediate upgrade costs, while the large balcony accessed from both living and bedroom improves liveability for owner-occupiers. For investors, the rental yield sits comfortably above 5.3%, supported by consistent demand from professionals drawn to the walk-to-station and shopping amenity. The Adina complex’s indoor pool and garden add lifestyle appeal that strengthens tenant retention. The main risk is that the study lacks a built-in robe or window, so it may not satisfy strict two-bedroom definitions for some buyers or tenants, which could narrow the resale pool. Strata levies are not disclosed here, and a 96-square-metre one-bedroom may carry higher levies than smaller units in the same block. The July 2024 sale of 204/88 Rider Boulevard at $700,000 sets a recent floor, but any asking price above $805,000 would need justification from the superior internal size and renovation condition. Hold this property as a long-term rental with low vacancy risk, or occupy it if you value space and location over a second true bedroom.