1/460 Elizabeth Street, Surry Hills NSW 2010
1/460 Elizabeth Street, Surry Hills NSW 2010
2/2/1 format with parking | walkable to Central Station | convenience-led demand | dual bathrooms rare in older stock | flood management control
The property is understood to be a recently renovated third-floor apartment in an older low-rise block, where a two-bedroom, two-bathroom, one-car configuration is genuinely uncommon. A competitive edge is provided by the second bathroom and the lock-up garage, both of which are rare in older inner-city stock. The location is considered a strong convenience draw, with Central Station, the CBD, and Surry Hills’ cafe and park network within easy walking distance. This apartment is best suited to owner-occupiers and investors who value low-maintenance living and robust rental demand. The combination of renovated presentation, parking, and dual bathrooms is expected to give it wider appeal than a typical two-bedder in the same building era.
Additional due diligence may be prompted by the detected flood management control, and this could be weighed in insurance or financing decisions, though it does not necessarily cap value. The building’s age and low-rise character might be perceived as less appealing than new high-rise product, but this is often offset by location and layout. Value may be supported by the rare parking and dual-bathroom configuration, which tends to secure stronger resale and rental outcomes. The renovated finish should be checked against the possibility of future building levies or strata works, as these may be confirmed in the strata report.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/460 Elizabeth Street, Surry Hills NSW 2010
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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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: 46 Davies Street (house) at $2.925M | Property Price Band: $900K-$1.0M | Value Drivers: renovated condition, rare parking + dual baths, walk-to-station location
Bedrooms
2
Bathroom
2
Parking
1
Land
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