87 Young Street, Annandale NSW 2038
87 Young Street, Annandale NSW 2038
2-bed terrace | heritage overlay | no parking | inner-west walkability
This is a compact heritage terrace in a tightly held Annandale pocket, and its strength lies in scarcity. Two-bedroom houses on small lots are the suburb’s core product, and this one offers the classic period bones—floorboards, courtyard, built-in robes—that owner-occupiers actively seek. The 103 m² building area is efficient rather than generous, but the fully fenced courtyard and solar panels add practical liveability. It suits a first-time buyer wanting a foothold in the inner west, or a downsizer trading larger space for location and character. The absence of parking is a real constraint, yet for those who walk to the village, school, or transport, it is a trade-off many accept. Heritage controls protect the street’s consistency, which supports long-term value stability.
The property’s value may be shaped by how a buyer weighs the missing parking against the terrace’s authentic appeal. Renovation potential is limited by heritage protections, so the current condition—floorboards and built-ins confirmed, but kitchen and bathroom finishes unverified—will matter. A buyer might factor in the cost of updating to a modern standard, or accept the existing layout as liveable. The compact land size and terrace form cap upside compared to larger houses, but the location and character should maintain demand. Market tone in Annandale leans steady for this product type, and the price band likely reflects that consistency rather than any outlier potential.
|| Comparable Sales: 282 Young Street sold at $1.42M; 177 Young Street sold at $2.1M | Property Price Band: $1.6M–$1.7M | Value Drivers: heritage character, land size, condition of kitchen and bathroom
Detailed Independent Property Report prepared by PropCred Analyst team for 87 Young Street, Annandale NSW 2038
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Annandale’s $2,402,500 median house price, up 7.5% in a year, sits above its long-term trend valuation, yet tight supply and a 39-day average selling period signal persistent demand. The market is driven by professionals aged 30–39, attracted to historic character with city proximity; a 25.8% strata share also pulls in first-home buyers and lower-maintenance investors. House rents have surged 12.2% annually to a $1,100 median, though gross yields remain thin at 2.6%. Units lag, with a $970,000 median and negative annual growth. Affordability at these price points and rate sensitivity are the principal constraints, while limited listings and steady professional demand support future price stability.
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PropCred Estimated Value
Comparable Sales: 282 Young Street sold at $1.42M; 177 Young Street sold at $2.1M | Property Price Band: $1.6M–$1.7M | Value Drivers: heritage character, land size, condition of kitchen and bathroom
Bedrooms
2
Bathroom
1
Parking
-
Land
135m²
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