408/16 Hudson Street Lewisham NSW 2049

1-bedder with study | building median below Lewisham unit median | gym and alarm included | strong rental demand at $700/week This unit offers a clear configuration edge over typical one-bedroom apartments in the area: the separate study functions as a second living zone or work-from-home space, a rare feature in a 1-bedroom floorplan. The building’s median sale price sits below the broader Lewisham unit median, suggesting the property is priced for entry into a suburb where house values exceed $2.4 million. The rental estimate of $700 per week, supported by recent building comps, indicates strong tenant demand. This property suits a first-home buyer seeking a long-term hold in a high-demand corridor, or an investor wanting a sub-$700,000 entry point with solid rental coverage. The primary risk is the absence of a dedicated parking space, which may reduce appeal for owner-occupiers with a car and could soften resale demand in a car-dependent pocket. The building’s 24% short-tenure ownership suggests some turnover churn, though the 8-year average hold period implies stability for patient buyers. The opportunity lies in leveraging the study as a differentiator in marketing and the strong rental yield relative to purchase price. Hold this property for at least five years to capture capital growth from Lewisham’s upward price trajectory.