7/5-13 Hutchinson Street, Surry Hills NSW 2010
7/5-13 Hutchinson Street, Surry Hills NSW 2010
Surry Hills apartment | 104sqm with car space | Durham Village complex | heritage overlay applies | strong rental demand
This is a competitively positioned two-bedroom apartment in a tightly held Surry Hills complex, offering a rare combination of generous floor area, a dedicated car space, and a village-like setting within walking distance to Crown Street’s dining and transport. The 104-square-metre internal size is well above typical new-build apartments, which gives it enduring appeal for owner-occupiers seeking space without leaving the inner city. The property serves best for a buyer who values location and liveability over cosmetic perfection, and who is prepared to hold for medium-term capital growth in a suburb with consistently low vacancy rates.
The heritage overlay is the primary constraint here, as it limits the scope for major renovations or external changes without council approval, which can add time and cost for any future upgrade. The 1983 build also means older fittings and potential strata maintenance levies should be factored into the holding cost. On the positive side, the last sale in 2012 suggests the current owner has held through a full cycle, and the complex’s quiet pocket positioning reduces street noise while retaining proximity. For a buyer, this property works best as a long-term hold with modest value-add through interior refresh, rather than a flip or a development play.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/5-13 Hutchinson Street, Surry Hills NSW 2010
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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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
3655m²
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