409/88 King Street Newtown NSW 2042

Studio conversion in heritage building | Compact 43sqm footprint | City views | King Street lifestyle positioning This one-bedroom apartment occupies level 4 of the Georgina warehouse conversion on King Street’s north end, offering a compact urban living format in a heritage-listed structure that has become characteristic of inner-west Sydney redevelopment. The property functions as an oversized studio rather than a traditional one-bedroom, with a layout designed to maximize privacy and utility within its 43-square-metre footprint. The 1940s heritage classification places constraints on renovations and modifications, which influences both its appeal and future adaptability. Market positioning centres on proximity to Sydney University and the King Street precinct’s hospitality and cultural amenities, attracting younger professional renters and owner-occupiers prioritising lifestyle convenience over space. Properties of this type typically appeal to investors seeking reliable rental yields in established inner-west corridors, particularly given the 555-per-week rental estimate and surrounding 4.5% yield profile. The apartment last changed hands in 2019, suggesting a holding period of approximately seven years under current or recent ownership. Current listing at 450,000 dollars aligns with estimated valuations in the 430,000 to 490,000 dollar range, positioning it within the mid-market for comparable one-bedroom units in Newtown. Ducted air conditioning and reliable NBN connectivity address practical amenities for compact living. The heritage overlay represents both a constraint and potential stabilising factor, limiting over-supply of similar stock through renovation barriers while potentially supporting long-term value retention in an increasingly popular precinct.