140 Devonshire Street, Surry Hills NSW 2010
140 Devonshire Street, Surry Hills NSW 2010
4-bed heritage terrace | tri-level full rebuild | parking plus plunge pool | premium inner-Sydney family stock | heritage overlay
The competitive strength is found in its configuration. A 4-bed, 4-bath terrace with off-street parking is rare in Surry Hills, where housing stock is mostly narrower Victorian terraces with fewer bathrooms and no parking. The full rebuild sets it apart; the blackbutt flooring, Italian kitchen, stainless-steel staircase and gas-heated plunge pool are not commonly seen in the suburb’s renovated terraces. Suited to affluent owner-occupiers or downsizers, it pairs heritage character with modern comfort. A garage with loft bedroom, courtyard and rooftop terrace adds a layered indoor-outdoor quality rarely found here.
The heritage overlay may restrict external alterations. The 142 square metre land size might be weighed against premium finishing. Price expectations may differ from the 2022 sale figure. Parking scarcity plus rebuild quality should support the upper end. A buyer’s view is best formed by balancing presentation against heritage limits.
Detailed Independent Property Report prepared by PropCred Analyst team for 140 Devonshire Street, Surry Hills NSW 2010
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Surry Hills is a tightly held inner-Sydney market defined by a clear split between premium houses and softer units. Median house prices range from $2.35 million to $2.66 million, with annual growth of 11.9% to 18.7% depending on the data source, while unit medians sit near $885,000–$950,000, mostly recording modest declines over the past year. The 58.1% strata share points to sustained apartment demand from young professionals and investors, but houses are drawing established families and high-income earners. Sales activity for houses is thin at 27–131 transactions, and days on market average 35–41, reflecting scarce supply. House rents range from $985 to $1,250 weekly, units around $800, with limited vacancy. Growth drivers include transport connectivity, school catchments, and terrace scarcity; key risks are affordability constraints and weaker unit price dynamics.
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PropCred Estimated Value
Comparable Sales: 131-133 Devonshire St sold $6.6M (2025); 140 Devonshire St sold $3.85M (2022) | Property Price Band: $3.5M–$3.9M | Value Drivers: rebuilt condition, parking scarcity, heritage terrace rarity
Bedrooms
4
Bathroom
4
Parking
1
Land
142m²
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