1009/183 Kent Street, Millers Point NSW 2000

Upper floor | east-facing balcony | city and harbour views | Stamford on Kent building This unit occupies a rare position in the building: upper floor, east aspect, with direct city and partial harbour views that most one-bedroom apartments in Millers Point cannot offer. The 64-square-metre internal floor plan is generous for a one-bedroom, and the inclusion of a security car stacker removes a major friction point for owner-occupiers or professionals who drive. The building’s amenity set—pool, spa, sauna, gym, concierge—shifts this property from a standard apartment into a low-maintenance lifestyle product that competes with newer stock in Barangaroo at a lower entry point. It suits a buyer who wants walk-to-work convenience, resort-style facilities, and a layout that can accommodate a couple or a single professional without compromise. The primary risk is the building’s age and variable unit performance: some two-bedroom apartments have seen strong capital growth, but one-bedroom resale data shows a tighter band around the $1.0–$1.2 million mark, meaning upside is more dependent on rental yield and location demand than on speculative appreciation. The 2002 last sale price is unknown, so there is no clear cost base to assess holding period return. The opportunity lies in the rental yield: at $965 per week, the return sits near 4.5 per cent, which is strong for Sydney and provides a buffer against interest costs. Hold this property as a core inner-city holding with reliable income and lifestyle appeal, not as a short-term flip.