16/52-60 Renwick Street, Redfern NSW 2016
16/52-60 Renwick Street, Redfern NSW 2016
2-bed 1-bath 82m² first-floor unit | East-facing balcony in secure Aspect building | 300m to Redfern Station | Heritage overlay applies | Strong inner-city rental demand
This unit holds a clear competitive edge through its location and security. Sitting in the boutique Aspect building, the first-floor east-facing position captures good morning light across Renwick Street while remaining tucked away from the main thoroughfare. The 82m² footprint is practical for a 2-bedroom apartment, and the brand new engineered timber floors lift the presentation without requiring immediate work. Its proximity to Redfern Station—roughly 300 metres—makes it a strong option for CBD commuters, while the quiet street position balances urban convenience with liveability. The heritage overlay adds character to the streetscape and may appeal to buyers wanting a preserved inner-city village feel. This unit best suits professional couples, downsizers, or investors seeking a low-maintenance property with dependable rental appeal.
The heritage protection control may limit future external alterations, so buyers should weigh renovation flexibility against the preserved character. The single bathroom and one car space are modest compared to some nearby two-bathroom configurations, which may narrow the buyer pool slightly. First-floor positioning typically commands less premium than higher levels with skyline views, though the east aspect and quiet outlook compensate partially. Rental income around $1,000 per week suggests solid demand, but actual yield will depend on ongoing strata costs, which remain unverified. Buyers might also consider that the 82m² size, while functional, is not expansive, and competing renovated units with studies or additional bathrooms may justify higher price points.
|| Comparable Sales: 21/52-60 Renwick Street sold $1.3M (2/2/1, 122m²); 25/52-60 Renwick Street marketed near $1.05M (2/2/1) | Property Price Band: $1.0M–$1.1M | Value Drivers: Condition and finishes, east-facing quiet position, proximity to transport and heritage character
Detailed Independent Property Report prepared by PropCred Analyst team for 16/52-60 Renwick Street, Redfern NSW 2016
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Redfern is a premium inner-city suburb in the latter stages of gentrification, characterised by restored heritage terraces and warehouse conversions. Demand is driven by young professionals and families drawn to its urban convenience and iconic housing stock, now seamlessly connected to broader precincts. The market exhibits strong price momentum, particularly for houses, with tight supply and low vacancy rates underpinning a competitive environment. Future growth is anchored by urban consolidation and major infrastructure renewal, though affordability pressures and a recent softening in rental prices present key constraints to monitor.
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PropCred Estimated Value
Comparable Sales: 21/52-60 Renwick Street sold $1.3M (2/2/1, 122m²); 25/52-60 Renwick Street marketed near $1.05M (2/2/1) | Property Price Band: $1.0M–$1.1M | Value Drivers: Condition and finishes, east-facing quiet position, proximity to transport and heritage character
Bedrooms
2
Bathroom
1
Parking
1
Land
1754m²
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