1/5 Manning Street Potts Point NSW 2011
1/5 Manning Street Potts Point NSW 2011
Art Deco gem in heritage icon|1934 build, north-facing light|$834k est value, $860k recent comp|Ground-floor rarity in Potts Point. This one-bedroom unit on a 65sqm lot in a boutique Art Deco block suits singles or couples drawn to character living near the CBD. Occupying a sunny north-facing spot on the first floor of the acclaimed 1934 Wychbury building by architect Emil Sodersten, it delivers compact yet practical space with period charm intact. The ground-floor access via level lift in a low-density setup with just two units per level sets it apart from taller Potts Point blocks, offering easier living without stairs. Heritage overlay adds a layer of preservation that appeals to buyers who value authenticity over modern flips. In this street of classic apartments, it positions well for those seeking walkable urban convenience minus high strata fees common in larger complexes. Professionals and downsizers typically target such one-bedders here, prioritizing lifestyle over expansion potential. Comparable sales hover around $860k after 92 days on market, signaling steady demand without frenzy in the local unit segment. Rental yields near $730 weekly underline its holding strength for investors eyeing long-term CBD proximity. That blend of history and northerly light ensures enduring appeal amid Potts Point’s tight supply of pre-war gems.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/5 Manning Street Potts Point NSW 2011
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Potts Point is a dense inner-city precinct with strong demand driven by lifestyle, proximity to the CBD and vibrant retail and dining. The market is dominated by apartments, with high investor participation. Rental demand is consistently strong. Supply is constrained by limited redevelopment opportunities. Pricing is influenced by building quality and strata dynamics. Growth is steady but linked to apartment market cycles.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
Land
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