1705/226 Victoria Street, Potts Point NSW 2011
1705/226 Victoria Street, Potts Point NSW 2011
North-east harbour views from level 17 | dual-level design maximises light | Omnia tower with concierge | 45% owner-occupier building
The property’s 17th-floor position with panoramic north-east harbour and Rushcutters Bay outlook is a rare configuration in this building, giving it a genuine competitive edge over lower-floor units. The dual-level layout and floor-to-ceiling glass amplify the sense of space beyond the 98sqm internal area, which matters for owner-occupiers seeking a premium liveability. The 24-hour concierge, secure car space with direct lift access, and resort-grade podium gardens make this suited to a professional couple or downsizer who values convenience and a strong building profile. The listing price sits below the Domain estimate range, which may indicate a motivated vendor or a realistic entry point relative to the 2015 sale.
The main risk is the modest capital growth trajectory: the 2015 sale at $2.52m means this property has effectively not appreciated in nominal terms over 11 years, and recent comparable sales in the building show slight negative annual returns. Flood and heritage overlays may add insurance or renovation friction, though the building’s strata records should clarify any material impact. The 55% renter mix in the building could affect future amenity standards or levy decisions, but the strong rental yield from similar units (5.7%) offers a credible fallback if you need to lease it. Hold this for lifestyle use with a medium-term view, and treat any capital gain as a bonus rather than a certainty.
Detailed Independent Property Report prepared by PropCred Analyst team for 1705/226 Victoria Street, Potts Point NSW 2011
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1287m²
URL has been copied successfully!