69/1-5 Harwood Street, Pyrmont NSW 2009
69/1-5 Harwood Street, Pyrmont NSW 2009
1-bed with 84m² on title | gas kitchen and ducted air | opposite future Pyrmont metro | rental yield near 4.7% | established strata with gym and pool
This unit is positioned within a secure, amenity-rich Pyrmont complex where the floor plan is regarded as generous for a one-bedroom apartment. A true separate living zone is enabled by the 84 square metres on title, along with a full-size gas kitchen and parking that is not always guaranteed in this precinct. Proximity to Darling Harbour, the CBD, and the future Pyrmont Metro station is expected to underpin both lifestyle appeal and tenant demand. The property is best suited to a professional owner-occupier or an investor seeking established inner-city stock with rental depth and long-run growth typical of late-1990s Pyrmont towers.
The property’s value may be influenced by its specific level and outlook, as well as the condition of the kitchen and bathroom relative to recently upgraded units in the same building. Perceived privacy might be affected by surrounding pedestrian and tourist activity, and buyer competition may be shaped by broader lending conditions. An in-person inspection is recommended to weigh these factors.
Detailed Independent Property Report prepared by PropCred Analyst team for 69/1-5 Harwood Street, Pyrmont NSW 2009
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Pyrmont sits as an inner-Sydney precinct with a scarce detached housing stock—only 28 house sales in the past year—and a deeper apartment market. Professional tenants and yield-focused investors underpin demand, aided by corporate relocations and a low-rate environment. House prices have softened 6.7% to a median $2.426 million, while units sit at $1.129 million (two-bedroom at $1.3805 million). House gross yields improved to 2.5% but unit yields compressed from 4.6% in 2023 to 4.0% by mid-2025, reflecting rents lagging price growth. Future uplift centres on light rail extensions, mixed-use retail, waterfront promenades, and high-rise supply near Darling Harbour. Key constraint: record spring listings could tilt the market to buyers, while affordability and rate sensitivity remain acute for apartments.
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PropCred Estimated Value
Comparable Sales: Unit 32/1-5 Harwood sold at $790,000; Unit 26/1-5 Harwood sold at $755,000 | Property Price Band: $750,000 to $850,000 | Value Drivers: internal size, condition, level and outlook
Bedrooms
4
Bathroom
3
Parking
1
Land
1768m²
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