4001/2-4 Cunningham Street, Haymarket NSW 2000
4001/2-4 Cunningham Street, Haymarket NSW 2000
Top-floor penthouse | 3-bedroom configuration | 168 sqm floorplate | 5G and FTTP connectivity | flood overlay present
This penthouse occupies a rare position in the Haymarket market: a 168 sqm floorplate with three bedrooms and three bathrooms in a 2008 build, where most competing units are under 100 sqm. The size and configuration create a structural advantage for a buyer seeking a primary residence with separation of space, or a high-end rental targeting executives or families—demand segments that are undersupplied in this suburb. The building’s tenure profile, with 60% of owners holding over a decade, signals low turnover and stable owner-occupier sentiment, which supports capital preservation. For a buyer, this means reduced risk of fire sales or discounting in the immediate building.
The flood overlay with a 1% annual exceedance probability is a material risk that may affect insurance premiums and future resale liquidity, particularly for institutional or risk-averse buyers. However, the property’s position on the 40th floor eliminates physical damage risk, and the overlay does not appear to have suppressed recent comparable sales. The 168 sqm figure from OnTheHouse is likely more reliable than the 124 sqm for unit 3901, given this is a penthouse. The buyer should verify the exact floor area in the strata plan. Hold this property as a long-term primary residence or premium rental; the floorplate and location will outperform the suburb’s unit median over a full cycle.
Detailed Independent Property Report prepared by PropCred Analyst team for 4001/2-4 Cunningham Street, Haymarket NSW 2000
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
3
Land
923m²
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