401/7 Rider Boulevard, Rhodes NSW 2138
401/7 Rider Boulevard, Rhodes NSW 2138
North-facing Mirvac unit | wrap-around balcony | level 4 | station-adjacent | strong rental history
The property is positioned as a premium offering within Rhodes’ high-density waterfront precinct. A north-facing aspect and wrap-around balcony are considered rare configurations, delivering unusually consistent natural light and broad outlook for a level 4 unit. The Mirvac construction is regarded as a quality benchmark, and the immediate proximity to the station, Town Square, and waterfront is seen as a major convenience advantage. This apartment is best suited to owner-occupiers, particularly downsizers or professional couples, who prioritise light, convenience, and low-maintenance living. The rental history is thought to indicate strong tenant demand, but the design advantages are more compelling for a resident buyer than an investor.
The level 4 position may limit views compared to higher floors, and some noise from pedestrian traffic might be experienced on the balcony. Commercial activity may be introduced by the mixed-use podium during trading hours. Price growth may be moderated by future apartment supply in Rhodes, and cosmetic updates might be suggested by the unit’s rental history. These factors might be weighed against the strong aspect and location when a view on price is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 401/7 Rider Boulevard, Rhodes NSW 2138
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Rhodes is a compact, waterfront suburb positioned for commuters and investors. Demand is driven by young professionals and families aged 25-40, plus investors eyeing units, given 394 unit sales against just 13 house sales annually. House prices surged 25.6% to $1.44m, but unit growth is flat to negative (–1.7% to +0.33%), with units yielding 4.6–4.81%. Transport links to the CBD, Rhodes Waterside retail, and urban renewal underpin future demand. Key constraints: high house prices limit affordability, unit supply is elevated, and 55 days on market signals rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 1504/7 Rider Boulevard sold for $1,450,000 | Property Price Band: $1.2M-$1.3M | Value Drivers: north aspect, wrap-around balcony, Mirvac quality
Bedrooms
2
Bathroom
2
Parking
1
Land
326m²
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