304/18 Shoreline Drive, Rhodes NSW 2138

Modern one-bedder in a waterside complex | Mirvac build quality | tight floorplan but strong rental yield | positioned below recent building sales This property’s primary buying case rests on its positioning within a well-regarded Mirvac-built complex and a price point that sits noticeably below comparable recent sales in the same building. The 80-square-metre internal size is generous for a one-bedroom unit, and the $750-per-week rental estimate implies a yield that would appeal to an investor seeking cash-flow-positive exposure to the Rhodes market. The 2011 build date means the unit avoids the defect risks associated with much newer stock, and the absence of flood or heritage overlays simplifies due diligence. This unit would suit a buyer who values a turnkey waterside location with strong tenant demand over architectural flair or expansive views. The principal risk is the unit’s likely internal aspect or lower-floor position, which may limit capital growth compared to higher-level apartments in the same complex. Strata levies and sinking fund contributions are unconfirmed and could erode the net yield if they prove higher than the building average. The single open car space is a minor constraint for owner-occupiers with a second vehicle. For an investor, the opportunity lies in holding for steady rental income while the broader Rhodes precinct benefits from ongoing transport and retail upgrades. For an owner-occupier, this is a practical entry point into a premium suburb, best held medium-term.