906/20 Pelican Street, Surry Hills NSW 2010

906/20 Pelican Street, Surry Hills NSW 2010
Northwest aspect with floor-to-ceiling glass | architect-designed high-rise with concierge and pool | includes study and parking | moments to Hyde Park and CBD This unit presents a competitively strong offering within the Surry Hills market, primarily due to its configuration and building caliber. The combination of a dedicated study space, a secure parking bay, and a north-westerly aspect in a full-amenity, architect-designed building is rare for a one-bedroom layout. It serves a buyer seeking a low-maintenance, premium lifestyle property with the utility for hybrid work, positioned within walking distance of major parks and the city fringe. The building’s amenities and pet-friendly policy further broaden its rental and owner-occupier appeal. The decision hinges on balancing these features against the ongoing strata costs, which are material at over $1,790 per quarter. This levy funds the premium amenities but directly impacts net yield and holding costs. The price seeks a premium against automated valuations, demanding validation through physical inspection of build quality and strata health. For a buyer, the commercial logic is a hold as a high-amenity lifestyle base or a rental targeting professional tenants, with the judgment that its unique attributes justify a premium, but only if the strata finances and building condition are confirmed as sound.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

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.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

Bathroom

Parking

1

Land

34mΒ²

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat