501/10 Baptist Street, Redfern NSW 2016
501/10 Baptist Street, Redfern NSW 2016
1 bed, 1 bath apartment | Redfern-Surry Hills border | leased $900 | strong inner-city rental demand
This unit’s competitive edge lies in its position on the Redfern-Surry Hills fringe, within a premium development that commands higher rents than standalone stock. The single-bedroom configuration is scarce in quality buildings here, serving professionals or investors targeting CBD-adjacent tenants. Its previous $900 lease confirms rental resilience, and the absence of flood or heritage overlays suggests straightforward holding costs.
The primary risk is the unit’s compact size, which may limit appeal to owner-occupiers seeking space, and the lack of a car space in a car-dependent pocket. However, for a buyer, this property offers a low-maintenance entry to a high-demand corridor with capital growth supported by proximity to Central Station and universities. Hold it as a long-term rental or use it as a lock-and-leave base.
Detailed Independent Property Report prepared by PropCred Analyst team for 501/10 Baptist Street, Redfern NSW 2016
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Redfern is a premium inner-city suburb in the latter stages of gentrification, characterised by restored heritage terraces and warehouse conversions. Demand is driven by young professionals and families drawn to its urban convenience and iconic housing stock, now seamlessly connected to broader precincts. The market exhibits strong price momentum, particularly for houses, with tight supply and low vacancy rates underpinning a competitive environment. Future growth is anchored by urban consolidation and major infrastructure renewal, though affordability pressures and a recent softening in rental prices present key constraints to monitor.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
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