905/389-393 Bourke Street, Surry Hills NSW 2010

905/389-393 Bourke Street, Surry Hills NSW 2010
Studio apartment with 120mยฒ | Elevated city views | Inner Sydney school catchment | Flood and heritage overlay constraints What is competitively strong about this property is its unusually generous floor area for a studio, offering spaciousness rarely found in this format. The elevated position with Sydney skyline views and natural light from large windows strengthens its appeal, particularly for buyers seeking inner-city convenience without compromising on outlook. This unit serves investors targeting steady rental demand from professionals and couples, or owner-occupiers who prioritise walkability and urban amenity over private outdoor space. The location within established school catchments adds further practical value. Factors that may materially affect value include the flood and heritage overlays, which could constrain future alterations and influence insurance costs or development potential. The lack of confirmed parking, storage, or building amenities might narrow its appeal to buyers less dependent on car access or communal facilities. The compact, high-density configuration typical of this strata complex may limit capital growth compared to lower-density stock, though its functional layout and views could offset this. Buyers should weigh these constraints when assessing price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 905/389-393 Bourke 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

-

Bathroom

1

Parking

-

Land

587mยฒ

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