406/5 Ward Avenue, Potts Point NSW 2011

Compact studio | Prime Potts Point location | High-yield rental potential | Security building with pool | Below-median entry price This unit presents a competitively priced entry into a high-growth suburb, offering a rare combination of affordability and premium location. Its north-facing aspect and building amenities like a pool and lift are unusual for a studio at this price point, directly serving budget-conscious investors or first-home buyers seeking a low-cost foothold. The strong projected rental yield and immediate proximity to transport create a compelling cash-flow and convenience proposition, positioning it as a pragmatic, income-focused purchase. The primary financial risk is the significant strata levy, which at nearly $800 per quarter materially impacts net yield and must be factored into holding costs. The unit’s very small size limits its capital appreciation ceiling compared to larger apartments, and its inclusion in a council planning report warrants immediate due diligence. Proceed strictly as a long-term rental investment; its commercial logic relies on securing the target rent to offset the high strata burden, making it a specialist holding for yield-focused portfolios. * Last sold in September 2016 for $363,000. * Currently marketed with a price guide of $450,000 – $480,000. This represents a notable appreciation over an eight-year period. The current asking range aligns with the upper end of its estimated valuation range, suggesting the market premium is being placed on its location and rental potential rather than intrinsic property size.