59/38 Shoreline Drive Rhodes NSW 2138
59/38 Shoreline Drive Rhodes NSW 2138
1 bed apartment |80m² internal |$720k value |$710pw rent potential | Waterfront edge position drives appeal|This 1-bedroom apartment with 80m² internal area and secure parking suits singles or couples prioritizing waterfront living in a strata setting. Its generous internal space for a one-bed unit provides practical room for comfortable daily living, including features like ducted heating and cooling that support year-round usability. Positioned on the water’s edge within its development, it stands out from typical inner-suburb apartments by offering direct waterfront proximity, enhancing lifestyle appeal without the maintenance of standalone properties. Buyers drawn to such units are often professionals or downsizers seeking low-maintenance homes with reliable NBN and 5G coverage in a school catchment area. In the local market, similar one-bedroom apartments in this complex hold steady values around $720,000, with rental yields near $710 weekly reflecting consistent tenant demand. The absence of bushfire, flood or heritage overlays adds to its straightforward ownership profile under Canada Bay Council residential zoning. Long-term, its waterfront location within a stable strata scheme positions it well for capital preservation amid Rhodes’ ongoing residential growth. Comparable properties here rarely linger on market, underscoring reliable liquidity for owners. This setup balances immediate usability with enduring positional value.
Detailed Independent Property Report prepared by PropCred Analyst team for 59/38 Shoreline Drive Rhodes NSW 2138
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Rhodes demand is being driven by new waterfront and mixed-use developments, tight listings and strong transport links to the CBD that keep rental demand elevated. Buyers chase lifestyle convenience and steady returns, while growth hinges on continued precinct upgrades even as high-density supply and affordability remain the main risks to momentum. Over the past six months prices have broadly held firm to slightly positive, underpinned by limited stock and heightened competition despite properties taking a touch longer to sell.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
80m²
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