206/228 Elizabeth Street, Surry Hills NSW 2010

206/228 Elizabeth Street, Surry Hills NSW 2010
Prime Surry Hills position | 2019 build with city views | 81sqm internal with balcony | Secure parking included This apartment presents a compelling buying case for those seeking a modern, low-maintenance residence in a tightly held inner-city pocket. The 2019 construction ensures contemporary finishes and efficient layout, while the secure parking and rooftop terrace add rare convenience and amenity in this location. The open-plan design with city views and floor-to-ceiling windows creates a light-filled living environment that appeals strongly to professionals or downsizers wanting lock-and-leave capability. The property’s position within walking distance to Central Station, parks, and dining precincts reinforces its desirability for owner-occupiers and investors alike, given the suburb’s consistent demand and 15.4% growth. The primary risk is the flood and heritage overlay, which may affect future insurance costs or renovation flexibility. The strata arrangement in a mixed-use development with an active DA for a neighbouring 16-storey building introduces potential for construction disruption and altered outlooks. However, the building’s recent completion and quality fixtures mitigate structural concerns. The opportunity lies in the property’s current active marketing suggesting motivated sellers, and the lack of recent comparable sales for this exact unit may allow for negotiation below the $1.58m listing. FTTP internet and ducted air conditioning support long-term livability.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 206/228 Elizabeth Street, Surry Hills NSW 2010
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Market Insight:

Surry Hills is a premium inner-city suburb where a distinct two-tier market exists. Established families and high-income earners are driving exceptional demand for scarce houses, creating a robust and appreciating market. In contrast, the apartment segment, favoured by young professionals and investors, is experiencing softer conditions. Future growth is anchored in the suburb’s enduring appeal and constrained supply of houses, though the unit market’s recent performance presents a notable risk.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

100mยฒ

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