REGISTERED BOARDING HOME IN PRIME LOCATION – 10 ROOMS, IMMEDIATE CASH FLOW

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

667 South Dowling Street, Surry Hills NSW 2010

Buyers Guide $3,800,000 - $4,000,000

Search Band Search Visibility Band

$3.8M - $3.99M Transparent Transparent Listing Based on an openly advertised listing price.

House 10 Beds 6 Baths 206 m² 350 m²

Listed: 14th Jul 2026

Updated: 20th Aug 2026

Overview

Positioned in one of Surry Hills' most sought-after precincts, this fully licensed and professionally operated boarding house offers investors a rare chance to secure a high-performing asset with immediate rental income and growth potential. The property features a charming Victorian terrace style and comprises ten fully furnished rooms, each with private kitchenette facilities, catering to long-term tenants and city professionals seeking convenient and affordable inner-city accommodation.

The property's strength lies in its combination of secure, consistent income and excellent future upside. Shared amenities such as six bathrooms, a communal laundry with coin-operated washer and dryer, and a spacious, sunlit rear courtyard enhance tenant comfort and convenience, contributing to the high occupancy rates and long-term tenancy profile.

Land size approximately 206 square metres
Internal building area approximately 350 square metres
Fully compliant with current fire certification and council approvals
Eligible for land tax exemptions boosting overall financial viability
Established leasing agreements securing a gross annual return of approximately $210,080 with potential for growth

This property is ideally suited for astute investors or portfolio builders looking to add a consistent income-generating asset to their portfolio in a blue-chip location close to transport, renowned dining, cafes, and daily conveniences. Its character and operational setup make it a standout asset in the bustling Surry Hills area.

Local Market Insights

In Surry Hills, Quiet Listings observed 6 new houses entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $1,873,333. The property type mix of listed properties is predominantly Apartments at 67%, followed by commercial properties (16%), and houses (12%). The most active agency for houses in the Surry Hills area is currently Ray White, representing 33% of new listings, followed by McGrath Estate Agents with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.