24/20-22 Springfield Avenue, Potts Point NSW 2011

1 bed art-deco apartment | third floor Sandringham | no parking | Potts Point | $720 pw rental | ~$712k value The property sits within a tightly held 54-unit art-deco building in a sought-after Potts Point pocket, where average owner-occupier tenure exceeds six years, signalling low turnover and stable demand. The third-floor position offers natural light and street separation, while the absence of parking reduces entry price relative to comparable units, making this a viable first-home or downsizer option where walkability to village amenities offsets car dependency. The $720 weekly rental indication supports a gross yield near 5.3% against estimated value, which aligns with a disciplined hold strategy for an investor seeking dependable inner-city returns. The lack of on-site parking narrows the buyer pool to car-free professionals or investors targeting tenants who prioritise location over vehicle access, which may extend marketing time on resale. Comparable sale data from within the building shows 5.27% annualised growth over four years, confirming capital appreciation is moderate but consistent. Buyers should price in potential special levy risk given the building’s age, but the art-deco character and small lot size (729 m²) limit future development pressure. This unit suits a buyer who values yield stability over rapid appreciation and is prepared to hold for a minimum five-year horizon.