31/117 Macleay Street, Potts Point NSW 2011

heritage Art Deco character | rooftop harbour views | boutique one-bedroom | Fitzroy Gardens frontage This property occupies a genuinely scarce position in Potts Point. The Cahors building is one of the suburb’s most recognised heritage addresses, and this apartment’s leafy outlook over Fitzroy Gardens and its access to a rooftop with direct Opera House sightlines are features that typically command a premium in this market. The internal fit-out is considered—gold leaf cornices, stone benchtops, a full bath—which means the buyer is not inheriting a renovation project. For a professional couple or an executive seeking a lock-and-leave base with strong aesthetic appeal and a walkable urban position, this unit competes directly with newer builds but offers a sense of place that contemporary stock cannot replicate. The primary risk is the 50sqm floorplate. It is tight for anyone needing a dedicated workspace or regular guests, and the building’s 70-unit density means common-area wear and strata levies will need scrutiny. The recent $1,130,000 sale sets a clear floor, but the estimated valuation range suggests limited near-term capital growth unless the broader Potts Point market continues its 14.8% uplift. The opportunity lies in the rental yield—around $860 per week offers a reasonable 3.96% gross return, which can offset holding costs if the buyer is not planning to occupy immediately. Hold this property for its lifestyle utility and scarcity; do not buy it expecting rapid appreciation.