7/40-48 Ann Street, Surry Hills NSW 2010
7/40-48 Ann Street, Surry Hills NSW 2010
2 bed apartment in Surry Hills | parking included | sought-after inner-city pocket | strong rental demand
This unit offers a competitive entry into Surry Hills with a rare car space, a feature that improves both owner-occupier appeal and rental demand in a suburb where parking is scarce. The 2-bedroom configuration suits professionals or couples seeking proximity to the CBD and lifestyle amenities. Its positioning within a multi-unit building at 40-48 Ann Street places it in a well-connected, high-demand corridor, making it a practical option for those prioritising location and convenience.
Risk lies in the building’s age and strata conditions, which may affect long-term holding costs or capital growth compared to newer stock. The unit’s value is tied to the suburb’s enduring popularity rather than any unique design or aspect. Buyers should verify strata fees, sinking fund health, and any upcoming levies. For an investor, the rental yield at around $790 per week is solid for the area. Best held as a medium-term position in a prime inner-city location with strong resale liquidity.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/40-48 Ann Street, Surry Hills NSW 2010
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
854m²
Assessments Delivered Today
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