18/238-242 William Street, Potts Point NSW 2011
18/238-242 William Street, Potts Point NSW 2011
William Street edge | 75% renters | 25% owners | 47% clearance rate | 1-bed strata
This unit offers a rare foothold in Potts Point’s tightly held building stock, where 75% renters signal consistent rental demand and a 25% owner base suggests limited vendor urgency. The 1-bedroom configuration avoids the oversupplied studio segment while keeping entry below the suburb’s $860,000 median. Its strongest advantage is location,steps from cafes and shops in a walk-to-everything corridor that attracts the dominant 20-39 age cohort. For a buyer seeking a city-fringe foothold with reliable tenant interest, this property positions well as a long-term hold.
The primary risk is the building’s high rental proportion, which can dampen capital growth compared to owner-occupied towers. With a 47% clearance rate, auction day carries real uncertainty,especially given only 8 days on market. The 2014 purchase price suggests limited recent transaction data, making valuation opaque. Buyers should secure the strata report before bidding; any defect liability could shift the cost equation. Hold this property for rental yield and location leverage, not short-term flipping.
Detailed Independent Property Report prepared by PropCred Analyst team for 18/238-242 William Street, Potts Point NSW 2011
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
305m²
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