1 bed + study | 4 car spaces | 80sqm internal | Rockdale school catchments
This unit presents a rare configuration of four secure car spaces, a significant functional advantage in a suburban apartment market where multiple spaces are uncommon. The internal area of 80 square metres for a one-bedroom layout is spacious, enhanced by a study nook, offering practical utility for a professional or a couple. Its position within the Rockdale and Kogarah High School catchments directly targets owner-occupiers and investors seeking family-tenancy appeal, supported by a calculated gross rental yield near 5%.
The primary risk is the strata scheme, requiring immediate review of its financial health and capital works plan, a $299 due diligence cost that is non-negotiable. The 2014 purchase price indicates a long-held property, potentially suggesting deferred maintenance. For a buyer, the commercial logic is leveraging the car space surplus for rental premium or personal utility. This property is a hold for the medium term, best utilised as a leveraged primary residence or a high-amenity investment targeting stable, long-term tenants.