11/2-4 Bellevue Street, Surry Hills NSW 2010
11/2-4 Bellevue Street, Surry Hills NSW 2010
| 45sqm one-bedroom | heritage overlay | third-floor walk-up | Surry Hills median value | Crown Street catchment |
This property offers a rare entry point into a tightly held Surry Hills building where the average owner-occupier stays over twelve years, indicating strong liveability and limited turnover. The 45-square-metre floorplan is compact but efficient for the inner-city market, and the heritage overlay adds character that typically holds value better than modern blocks. It suits a first-home buyer or investor seeking a low-maintenance position near Crown Street amenities and good school catchment.
The main risk is the price discrepancy between the $888,000 estimate and the $725,000 asking, which could signal an outdated listing or a motivated seller, but also creates negotiation leverage. No recent sales in the building mean comparables are thin, so a buyer must verify condition and strata health carefully. The lack of parking and third-floor walk-up limits appeal to car-dependent buyers but is standard for the area. Hold as a long-term rental or owner-occupier base, targeting capital growth from location rather than size.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/2-4 Bellevue Street, Surry Hills NSW 2010
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Surry Hills is a premium inner-city suburb where a distinct two-tier market exists. Established families and high-income earners are driving exceptional demand for scarce houses, creating a robust and appreciating market. In contrast, the apartment segment, favoured by young professionals and investors, is experiencing softer conditions. Future growth is anchored in the suburb’s enduring appeal and constrained supply of houses, though the unit market’s recent performance presents a notable risk.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
45m²
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