1208/183 Kent Street, Millers Point NSW 2000

Stamford on Kent | 103–105sqm internal | dual-aspect harbourside | Millers Point scarcity | 1-car park included This property occupies a rare position in Millers Point: a full-sized two-bedroom apartment with a dedicated car space in a tightly held building, where unit sales are infrequent and median values exceed $2.6 million. The 103–105sqm internal area is substantially larger than typical new-build apartments, and the building’s 65% owner-occupier ratio signals stable, quality occupancy. For a buyer seeking a long-term harbourside residence with genuine scarcity value, this unit offers a floor plan and location that are difficult to replicate in the current market. It best suits an owner-occupier or a buyer targeting capital growth through holding a premium, low-supply address. The primary risk is pricing uncertainty: the agent’s “Contact Agent” listing and the wide valuation range ($1.55m–$2.05m) mean the buyer must anchor negotiations using the $2.769m comparable at 168–170 Kent Street. The 2006 purchase price of $646,000 is irrelevant. The rental estimate of $1,480/week implies a gross yield below 4% at the mid-valuation, making this a hold-for-growth proposition rather than a cash-flow play. No flood, bushfire, or heritage constraints are present. The buyer should inspect at the May 9 open, confirm the car space dimensions, and offer within the lower half of the valuation range, holding for at least five years to realise Millers Point’s compounding scarcity premium.