10/123-125 Macleay Street, Potts Point NSW 2011
10/123-125 Macleay Street, Potts Point NSW 2011
spacious art deco apartment | renovated two-bedder in Franconia | eastern outlook to fountain and gardens | lift and rooftop terrace | heritage building with long-term owners
This property is competitively strong because it combines a genuinely large floor area of approximately 105 square metres with the character of a 1930s art deco building, a full renovation, and a lift — a rare combination in Potts Point. Its eastern position overlooks El Alamein Fountain and Fitzroy Gardens, giving it a light, open aspect unusual for a dense inner-city address. The building has a strong owner-occupier profile and communal rooftop terrace with harbour and city views. It is best suited to professional couples, downsizers, or lifestyle buyers seeking space, character, and walkability to the CBD and dining precinct.
What may materially affect value is the Macleay Street frontage, which could involve traffic noise despite the elevated second-floor position. Heritage overlay in the area may limit future alterations or extensions, and the single bathroom might be a constraint for some buyers despite the generous living area. Company levies of approximately $3,333 per quarter are typical for a well-managed building with amenities but should be factored into holding costs. The recent same-building sale of a two-bedroom apartment provides a useful price benchmark, though differences in renovation quality and outlook should be weighed.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/123-125 Macleay Street, Potts Point NSW 2011
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
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
2
Bathroom
1
Parking
-
Land
105m²
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