1/2 Hutchinson Street, Annandale NSW 2038

Parkside ground-floor unit | Heritage overlay applies | Tightly held Annandale pocket | Updated interior This property offers a rare combination of a ground-floor position opposite Cohen Park, which provides a permanent green outlook and lifestyle amenity rarely available in inner-west apartments. The updated interior reduces immediate capital outlay, while the character block setting appeals to buyers seeking period charm without ongoing maintenance. The property is best suited to first-home buyers or investors targeting tenants who prioritise location and outdoor access over size, given the strong rental demand in the Annandale catchment. The heritage overlay is the primary constraint, as it limits external alterations and may affect future renovation flexibility or development potential. Unknown strata costs and the absence of a car space could narrow the buyer pool and impact resale liquidity. However, the asking price sits below automated valuations, which may offer a margin of safety if building condition and strata finances are sound. Due diligence should focus on the owners corporation records and any pending special levies before proceeding.