408/10 Stanley Street Kogarah NSW 2217

Studio apartment | 42m² | Kogarah walkable strip | leased investment ready. The property’s primary competitive strength is its low entry price into the Kogarah market, a suburb with solid rental demand from hospital and university workers. A studio this size, with its own bathroom and toilet, is rare in the immediate area and typically commands a yield premium over one-bedroom units. The existing lease arrangement means immediate income, which suits an investor seeking a turnkey holding with minimal vacancy risk. The FTTP connection is a practical advantage for tenants working from home. The principal risk is the lack of separate bedroom, which limits the buyer pool to single professionals or students and caps long-term capital growth compared to one-bedroom flats. The 42m² floorplate is efficient but offers no scope for internal reconfiguration. Buyers should verify the current lease terms and rental return against comparable studios, as the $485,000 list price sits near the top of the studio band for Kogarah. Hold this property for steady cash flow, not for rapid appreciation.