27/74-80 Reservoir Street, Surry Hills NSW 2010
27/74-80 Reservoir Street, Surry Hills NSW 2010
Heritage warehouse conversion | Large 2-bed layout | CBD fringe walkability | Flood overlay noted | Character-driven demand
This property is defined by its warehouse-conversion heritage, which delivers unusually generous room proportions, high ceilings and a character that standard apartment stock in the suburb rarely matches. The secure entry, lift access and, in some lots, undercover parking add convenience to the architectural appeal. Its position within a walkable inner-city pocket near transport and dining strips strengthens its day-to-day practicality. The property appears best suited to owner-occupiers seeking a low-maintenance but distinctive home, or professionals and downsizers who value both space and proximity to the CBD. The combination of heritage character and functional apartment living gives this unit a clear point of difference within the Surry Hills market.
Value may be influenced by the flood overlay and heritage controls, which could limit the scope of alterations or extensions. The specific floor level and aspect of this unit are not confirmed, so outlook and natural light might vary materially within the building. Fitout and presentation are also likely to play a role, as comparable units in the same complex show wide dispersion based on size and condition. Buyers should weigh these constraints against the rarity of the warehouse product and its enduring appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 27/74-80 Reservoir Street, Surry Hills NSW 2010
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Surry Hills is a tightly held inner-Sydney market defined by a clear split between premium houses and softer units. Median house prices range from $2.35 million to $2.66 million, with annual growth of 11.9% to 18.7% depending on the data source, while unit medians sit near $885,000–$950,000, mostly recording modest declines over the past year. The 58.1% strata share points to sustained apartment demand from young professionals and investors, but houses are drawing established families and high-income earners. Sales activity for houses is thin at 27–131 transactions, and days on market average 35–41, reflecting scarce supply. House rents range from $985 to $1,250 weekly, units around $800, with limited vacancy. Growth drivers include transport connectivity, school catchments, and terrace scarcity; key risks are affordability constraints and weaker unit price dynamics.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 44/74-80 Reservoir Street sold $1.525M (114m², 2-bed) and 50/74-80 Reservoir Street sold $3.525M (193m², 3-bed) | Property Price Band: $1.2M–$1.3M | Value Drivers: heritage character, internal size, condition and aspect
Bedrooms
2
Bathroom
1
Parking
-
Land
951m²
URL has been copied successfully!