802/425-429 Bourke Street, Surry Hills NSW 2010

Corner position, north aspect, city views | Wraparound balcony, 53sqm internal | Owner-occupied building, 45% owner-occupied | Strong rental yield potential, 4.8% comparable This apartment occupies a north-facing corner on level eight, which gives it a rare dual-aspect layout and uninterrupted city skyline views from the living area and wraparound balcony. The 53 square metre internal floor plan is efficient for a one-bedroom, and the inclusion of a full bathroom with bathtub, concealed laundry, and secure parking makes it suitable for either an owner-occupier seeking a well-positioned home or an investor targeting the upper end of the rental market. The building’s 45% owner-occupier ratio suggests a stable resident base, and the heritage overlay on Bourke Street adds a layer of character that tends to support long-term value. The primary risk is the auction timeline, with inspections spread over several weeks and a 9:30am Saturday auction, which may limit buyer engagement. The estimated value range of $1,043,000 to $1,060,000 sits close to the recent sale of unit 503 at $1,040,000, so there is limited room for price discovery without competitive bidding. The building’s 55% rental profile means some common area wear and tenant turnover, but the strong rental yield of 4.8% and recent rental evidence at $850–$950 per week indicate consistent demand. For a buyer, the opportunity lies in securing a north-facing corner unit with parking in a sought-after Surry Hills pocket, where similar stock rarely stays on the market long.