17/47-49 Buckingham Street, Surry Hills NSW 2010

17/47-49 Buckingham Street, Surry Hills NSW 2010
split-level mezzanine | no parking | park-facing warehouse views | heritage precinct | boutique conversion A rare split-level mezzanine configuration is offered by this warehouse apartment, a design seldom found in Surry Hills’ unit market. Its double-height ceilings and wall-to-wall glass open onto a full-width balcony with long views across Prince Alfred Park, creating a sense of space well beyond its 65 square metres. The property is set within a quiet pedestrian plaza in a heritage building, a short walk from Central Station and the park itself. No parking is provided, which may limit appeal but is typical for many inner-city warehouse conversions seeking walkability over car dependency. This unit is best suited to young professionals, investors, or single buyers who value architectural character, urban convenience, and proximity to transport and open space. Several factors may affect the property’s value and sale price. The absence of allocated parking could narrow the buyer pool, while the heritage overlay may restrict future alterations. The split-level layout is a distinctive draw for some but might be less practical for others. Market conditions in Surry Hills for unique warehouse-style properties may support pricing above typical one-bedroom units, though careful comparison with similar sold stock is recommended. Strata fees and council rates appear moderate for the area.
Detailed Independent Property Report prepared  by PropCred Analyst team for 17/47-49 Buckingham Street, Surry Hills NSW 2010
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk
Execution Risk ! 1
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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

511m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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