1/113-115 Macleay Street, Potts Point NSW 2011
1/113-115 Macleay Street, Potts Point NSW 2011
Heritage Art Deco curves | 1-bed in tight Potts Point stock | Last sold 2012 | No parking, strata report pending.
This unit occupies a rare position in a tightly held 1965 Art Deco block within a heritage zone, where soaring ceilings and afternoon light are structural advantages, not cosmetic. The open-plan layout and recent updates reduce immediate renovation spend, while the 2012 last-sold date suggests a vendor with low cost base, creating negotiation room. It suits a buyer seeking a lock-and-leave pied-à-terre or a high-yield rental in a walk-to-transit pocket where comparable one-bedrooms cleared $1.2 million in mid-2025.
The absence of parking and a strata report introduces two specific costs: ongoing rental of a nearby space and the risk of a special levy in an older building. Ordering the strata report before exchange is non-negotiable. The estimated $780,000 valuation appears below recent building sales, which may reflect unit condition or internal layout constraints rather than market weakness. Hold this property as a medium-term income asset in a supply-constrained suburb, or trade up within the same complex if a two-bedroom becomes available.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/113-115 Macleay Street, Potts Point NSW 2011
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Potts Point is a high-connectivity inner-city suburb with a market defined by a clear divergence between houses and units. Demand is driven by investors and younger professionals, attracted by the vibrant location and high renter population, which sustains strong apartment turnover. While the unit market has demonstrated robust growth, the premium house segment has experienced significant price adjustments, reflecting sensitivity and constrained affordability. Future appeal remains anchored in its unparalleled proximity to the CBD, though limited house supply and high price points present ongoing market constraints.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
558m²
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