31 Surrey Street, Darlinghurst NSW 2010

heritage terrace with rare parking | Darlinghurst pocket with strong owner-occupier demand | 87% site coverage limits future expansion The property’s primary buying case rests on its combination of a heritage-overlaid terrace with two off-street car spaces in a precinct where 55% of households rent and parking is scarce. The 89m² internal footprint is compact but functional, and the inclusion of a courtyard and balcony provides private outdoor amenity that many similar terraces lack. This configuration will appeal most to downsizers or professionals seeking lock-and-leave convenience without sacrificing inner-city proximity, particularly given the Darlinghurst Public School catchment and 5G coverage that supports remote work. The heritage overlay is the key structural risk; it constrains any significant alterations or extensions, meaning the 87% building coverage and 102m² land size cannot be expanded in a value-add sense. Buyers should also note the bathroom count discrepancy across sources, which suggests either a recent renovation or incomplete data. The opportunity lies in the property’s tight supply context—only one recent sale on the street—and the fact that strong owner-occupier demand in the area historically supports pricing resilience even when broader markets soften.