410/3 Mckinnon Avenue, Five Dock NSW 2046

Oversized one-bedroom | 80sqm internal | Water views | Bosco building | Five Dock location This property presents a competitively rare offering as an oversized one-bedroom apartment in a well-regarded complex, with its 80 square metre floor plan significantly exceeding typical one-bedroom dimensions and offering water views. This configuration creates a functional living space that appeals to both owner-occupiers seeking space efficiency and investors targeting a premium segment of the rental market, given the building’s demonstrated strong rental yields. Its position within the ‘Bosco’ building on a substantial land parcel adds a layer of perceived stability and amenity. The unit best serves a buyer seeking a long-term hold, capitalizing on the suburb’s high owner-occupier rate and the specific demand for spacious, quality apartments in this location. The primary decision hinges on the price point, which must acknowledge the premium for space and views against the inherent risk of lower liquidity compared to standard two-bedroom units in the same building. A purchase above the recent $860,000 sale for a larger 92sqm one-bedroom nearby lacks commercial logic, given that figure establishes a clear ceiling. The opportunity exists in securing a price that reflects a per-square-metre value discount to the building’s two-bedroom units, which have transacted between $1.2 and $1.35 million, thereby banking the spatial advantage for future equity growth. Acquire only at a sharp price relative to comparable sales, and hold for the long term to mitigate strata costs and capitalize on the unit’s unique attributes within the complex. Recent sales in the immediate vicinity provide critical valuation benchmarks: – 205/1 McKinnon Ave (1 bed, 92sqm): $860,000 – 411/3 McKinnon Ave (1 bed): $810,000 – 532/3 McKinnon Ave (2 bed, 119sqm): $1,202,000 – 636/3 McKinnon Ave (2 bed, 117sqm): $1,350,000 – 629/3 McKinnon Ave (2 bed): $1,330,000 This data confines the subject property’s plausible value range; its 80sqm size justifies a premium over standard one-bedroom sales but it cannot reasonably approach two-bedroom price points without a specific view or floor level premium.