358/303-321 Castlereagh Street, Haymarket NSW 2000
358/303-321 Castlereagh Street, Haymarket NSW 2000
| 133sqm inner-city apartment | dual-aspect likely | low owner turnover | strong rental yield potential |
This property offers a rare size advantage in the Haymarket market. At 133sqm, it is significantly larger than most two-bedroom units in the building, where comparable sales cluster around standard floorplans. The combination of two bathrooms and a car space in a building with a high proportion of long-term owners (66% holding over a decade) suggests a well-managed strata and stable occupancy profile. It best suits an owner-occupier seeking space and convenience near the CBD, or an investor targeting tenants willing to pay a premium for generous internal area and parking.
The primary risk is pricing above the building’s recent comparable sales, where similar two-bedroom units with parking transacted between $950,000 and $990,000. Paying at the upper end of the $1,000,000โ$1,050,000 range would require accepting a yield closer to 5.5% based on achievable rent of $1,100โ$1,150 per week, which is below the building’s average gross yield of 5.9%. The opportunity lies in negotiating toward the lower end of the range, where the larger floor area becomes a genuine differentiator rather than a premium. Hold this property as a core inner-city residence or a long-term rental; its size and location underpin stable demand, but capital growth will track the building’s modest historical trajectory rather than outperform.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 358/303-321 Castlereagh Street, Haymarket NSW 2000
Market Insight:
Haymarket is a high-density cultural hub positioned at the heart of Sydney, offering unparalleled urban convenience. Demand is driven by young professionals, first-home buyers, and investors seeking apartment living close to the CBD. While recent house price growth has been exceptionally strong, the market is dominated by strata units with more moderate long-term capital growth. Future potential is anchored in its central location, though investors should note the market’s reliance on the apartment segment and its historical performance variability.