501/10 Baptist Street, Redfern NSW 2016

1 bed, 1 bath apartment | Redfern-Surry Hills border | leased $900 | strong inner-city rental demand This unit’s competitive edge lies in its position on the Redfern-Surry Hills fringe, within a premium development that commands higher rents than standalone stock. The single-bedroom configuration is scarce in quality buildings here, serving professionals or investors targeting CBD-adjacent tenants. Its previous $900 lease confirms rental resilience, and the absence of flood or heritage overlays suggests straightforward holding costs. The primary risk is the unit’s compact size, which may limit appeal to owner-occupiers seeking space, and the lack of a car space in a car-dependent pocket. However, for a buyer, this property offers a low-maintenance entry to a high-demand corridor with capital growth supported by proximity to Central Station and universities. Hold it as a long-term rental or use it as a lock-and-leave base.