324/46-50 Burton Street, Darlinghurst NSW 2010
324/46-50 Burton Street, Darlinghurst NSW 2010
Tri-level layout | Rooftop terrace | Two-car parking | Darlinghurst premium pocket | City skyline aspect
This unit holds a genuinely uncommon position in Darlinghurst’s apartment market. Most local stock is single-level, older, and parking-light; this one offers a tri-level configuration with a private rooftop entertaining terrace, skyline views, and two car spaces—features that place it well above the suburb’s typical two-bedroom offering. The northern aspect and floor-to-ceiling glass reinforce a light-filled, premium feel, while the building’s pool, gym, and security add lifestyle depth. It suits owner-occupiers—particularly downsizers or professional couples—who want inner-city convenience without compromising on space, amenity, or a sense of retreat. The property is larger, newer, and more amenity-rich than most Darlinghurst apartments, and that differentiation is likely to translate into stronger buyer interest and firmer pricing when it reaches the market.
The parking count varies between listings, so confirmation of the exact number of spaces is worth securing early, as two spaces would be a meaningful value advantage in this suburb. The heritage and flood overlays may limit future alteration potential, though they also protect the surrounding streetscape and character. The exact floor level is not confirmed, but the tri-level description suggests a top-of-building position, which typically commands a premium. Buyers should weigh the low gross yield—around 2.4% based on likely rent and value—against the lifestyle and scarcity benefits, as this is more owner-occupier product than pure investment stock.
|| Comparable Sales: 901/46-50 Burton Street sold $6.5M in 2020 | Property Price Band: $4.2M–$4.4M | Value Drivers: rooftop terrace, tri-level layout, parking count, city views
Detailed Independent Property Report prepared by PropCred Analyst team for 324/46-50 Burton Street, Darlinghurst NSW 2010
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Darlinghurst is an inner-city market defined by detached-house scarcity (1.0% of stock) and apartment prevalence (58.2%). House median sits around $2.9 million, with annual growth of 12.1–19.8%; unit median near $950,000, growth ranging from -4.9% to 6.3%. Demand comes from young professionals, downsizers, and investors seeking CBD proximity. Supply is extremely tight—seven dwelling approvals a year over five years—against projected population growth of 1,393 by 2041. Rental yields are modest (houses 2.5%, units 4.4%), with median house rent $925–$1,095 weekly. The market is thin: about 67 house sales annually. Risks centre on affordability—median mortgage near $3,000 monthly, above national averages—and rate sensitivity from low turnover. Limited supply and steady demand favour price stability rather than sharp falls.
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PropCred Estimated Value
Comparable Sales: 901/46-50 Burton Street sold $6.5M in 2020 | Property Price Band: $4.2M–$4.4M | Value Drivers: rooftop terrace, tri-level layout, parking count, city views
Bedrooms
2
Bathroom
2
Parking
2
Land
1.04 acres
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