24/54-58 Johnston Street, Annandale NSW 2038
24/54-58 Johnston Street, Annandale NSW 2038
1-bed top-floor with garage | heritage low-rise | leafy outlook | inner-west village walkable | downsizer appeal
This property’s competitive strength lies in its combination of a lock-up garage, top-floor position, and low-rise brick construction within a heritage setting, which is increasingly rare for one-bedroom stock in Annandale. The private leafy outlook and fresh interiors suggest a unit that suits downsizers or professionals seeking low-maintenance living without sacrificing character. Its location near Annandale Village, parks, and public transport adds daily convenience, while the building’s mix of one and two-bedroom layouts indicates stable demand from both singles and small households. The garage in particular is a meaningful differentiator in this older inner-west pocket, where off-street parking often commands a premium.
Value may be influenced by the heritage overlay, which could limit renovation options or future redevelopment, though this also protects the streetscape consistency that many buyers seek. The absence of modern amenities like a lift or concierge might narrow appeal to those comfortable with stairs, but the top-floor position and garaging partially offset this. Floor level and aspect for this specific unit are unconfirmed, so a physical inspection to assess light, noise, and outlook is advisable before forming a price view. Rental yield signals for comparable two-bedroom units in the building suggest steady income potential, though one-bedroom demand should be verified against current vacancy trends in the suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 24/54-58 Johnston Street, Annandale NSW 2038
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Annandale is a sought-after, affluent inner-west suburb blending historic charm with urban convenience, attracting a professional demographic and first-home buyers drawn to its village atmosphere and lower-maintenance apartment options. Demand is driven by this strong appeal to both owner-occupiers and investors, supported by tight supply conditions. Recent house price growth has been robust, though unit values have softened, indicating a divergent market. Future growth is underpinned by its undervalued position relative to long-term trends, but key constraints include high entry prices and persistent affordability challenges.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
1342m²
URL has been copied successfully!