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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 10 new houses entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $2,170,000. The property type mix of listed properties is predominantly Apartments at 65%, followed by houses (17%), and commercial properties (9%). Bresic Whitney was the most active agency in this area, representing 38.9% of all new listings in the last 30 days. 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.
Location
Surry Hills NSW 2010
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 350 m² |
Market Insights for Surry Hills NSW 2010
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
