539/517 Elizabeth Street, Surry Hills NSW 2010
539/517 Elizabeth Street, Surry Hills NSW 2010
1 bed | 49sqm | no parking | rear quiet position | premium fitout
The competitive strength of this apartment lies in its combination of a quiet rear position and a high-spec interior finish within a dense inner-city suburb. At around 49 square metres, it is a compact one-bedroom unit, but the architect-designed layout, loggia, and premium material palette by Quattro Interiors set it apart from typical Surry Hills stock. This property is best suited to owner-occupier professionals or couples who prioritise design, walkability to the CBD and Central, and low-maintenance living over space or a car space. The rear aspect is a genuine advantage here, as many Surry Hills apartments face active streets with significant noise exposure. The estimated rental return suggests strong investor appeal too, given the suburb’s consistent demand from young professionals and city workers.
Several factors may affect the property’s value and sale price. The lack of parking is a real constraint in a suburb where on-street options are limited and expensive, which could narrow the buyer pool. The size inconsistency between listing sources—49 square metres versus 46 square metres—might prompt a buyer to verify the exact internal area, as this can influence per-square-metre comparisons. The reported strata fees of $1,739 per quarter are moderate for a premium building but should be checked for any upcoming special levies. The guide price versus a recent sale record for the same unit suggests the market has already tested this price point, so a buyer would want to understand what drove that prior transaction.
Detailed Independent Property Report prepared by PropCred Analyst team for 539/517 Elizabeth Street, Surry Hills NSW 2010
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Surry Hills is a premium inner-city suburb where a distinct two-tier market exists. Established families and high-income earners are driving exceptional demand for scarce houses, creating a robust and appreciating market. In contrast, the apartment segment, favoured by young professionals and investors, is experiencing softer conditions. Future growth is anchored in the suburb’s enduring appeal and constrained supply of houses, though the unit market’s recent performance presents a notable risk.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
49m²
URL has been copied successfully!