113/219-227 Chalmers Street, Redfern NSW 2016

2-bedroom, resort complex | 109sqm with oversized parking | Redfern walkable village | heritage & flood overlays | auction May 30 The property’s internal size and oversized secure parking are rare in this precinct, giving it a clear configuration edge over typical two-bedroom units. The resort amenities,heated pool, gym, spa,support consistent rental demand, evidenced by the current $935pw lease. This unit suits an owner-occupier seeking space and lifestyle or an investor targeting stable yield in a high-connectivity corridor between the city and Sydney’s inner south. Heritage and flood overlays introduce insurance and renovation constraints that may limit capital growth relative to unencumbered stock. The 60% rental profile in the building signals moderate owner-occupier competition, which could soften auction outcomes. However, the recent $1.04m sale provides a floor, and estimates cluster around $1.06–$1.17m. Buyers should bid with confidence up to the lower end of that range, holding for steady rental income and long-term land-value appreciation in a tightening Redfern market.