301/2 Foundry Street, Erskineville NSW 2043
301/2 Foundry Street, Erskineville NSW 2043
3-bed 2-bath 1-car | Park Sydney precinct | Flood overlay flagged | Premium modern apartment
This unit holds a genuine edge in Erskineville: a large, near-new three-bedroom apartment in a master-planned precinct with retail, parkland, and station access within walking distance. The configuration suits owner-occupiers—small families, downsizers, or professionals—who want contemporary finishes, lift access, secure parking, and storage without the maintenance of a house. The estimated rent of $2,000 per week signals strong tenant appeal, and the modern build with premium fixtures places it above much of the suburb’s older terrace and conversion stock. For a buyer prioritising convenience and low upkeep, this is a rare fit in an inner-city market dominated by smaller units.
The flood overlay is the main factor to weigh; it may affect insurance costs and long-term buyer perception, though the precinct’s recent construction and elevated apartment design likely mitigate practical risk. The property’s value hinges on its floor level, aspect, and internal square metreage—details not confirmed—so a physical inspection is essential. Strata levies in such amenity-rich complexes can be substantial, and the precinct’s ongoing development might influence outlook and noise. Comparables suggest modest price growth in recent years, so expectations should be tempered rather than aggressive.
|| Comparable Sales: 601/2 Foundry Street sold $1.7M in 2023; 701/2 Foundry Street listed $1.8M–$1.9M in 2026 | Property Price Band: $1.7M–$1.8M | Value Drivers: floor level, aspect, internal size, and flood overlay perception
Detailed Independent Property Report prepared by PropCred Analyst team for 301/2 Foundry Street, Erskineville NSW 2043
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Erskineville, an inner-city Sydney suburb a short distance from the CBD, holds strong positional appeal, with location and lifestyle underpinning demand from professionals and owner-occupiers. House prices sit at $1.90–$1.95 million, with annual growth ranging from 1.5% to 4.6% depending on the data source; units are softer at a $1.05 million median, falling 3–5% annually. Houses move quickly, averaging 23 days on market, with 88–102 sales over the past year. Yields are thin for houses at 2.7–2.9%, but units offer a stronger 4.5–4.7%. The market is trading below its long-term trend, indicating undervaluation, yet conditions are fragile: house auction clearance is 45%, well under the NSW average of 67%. Future direction hinges on interest-rate movements and sales volume trends, with affordability and rate sensitivity the key constraint.
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PropCred Estimated Value
Comparable Sales: 601/2 Foundry Street sold $1.7M in 2023; 701/2 Foundry Street listed $1.8M–$1.9M in 2026 | Property Price Band: $1.7M–$1.8M | Value Drivers: floor level, aspect, internal size, and flood overlay perception
Bedrooms
3
Bathroom
2
Parking
1
Land
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