FULLY FURNISHED CITY NORTH SERVICED APARTMENT WITH SHORT-STAY APPROVAL & SEPARATE CAR SPACE

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203/219 Kent Street, Sydney NSW 2000

$575,000

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$575k - $604k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath 1 Car 32 m²

Listed: 27 days ago

Updated: 8 hours ago

Overview

This fully furnished serviced apartment situated in the City North precinct offers a unique opportunity for savvy investors seeking a specialised off-site short term rental accommodation managed property. The apartment includes essential inventory such as television, linen, and kitchen utensils, ensuring it is immediately operational for short-term rental purposes.

The property benefits from valuable development approval for use as a serviced apartment, exempting it from the usual NSW Government and City Council short-term rental caps and parking space levies. This exemption, combined with low strata levies and minimal maintenance requirements, positions the investment as both cost-effective and relatively low risk.

The apartment size is a practical 32sqm, complemented by a separately titled secure car space of 16sqm, providing added value and convenience.
Historical demand has been strong, attracting a range of guests from local, interstate, and international visitors, with steady occupancy rates and limited seasonal variability.
Its central location offers walkability to numerous cultural and entertainment precincts including Barangaroo, The Rocks, Circular Quay, and multiple transport hubs, facilitating an easy and vibrant city lifestyle.

The property is well suited to investors seeking consistent rental income with growth potential, particularly those aligned with short-term rental markets supported by professional management. The inclusion of a specialist management proposal also simplifies ownership and operational demands.

Overall, this apartment represents a smart entry into a niche segment of Sydney's property market, combining a practical living space with strong income prospects and strategic location benefits.

Local Market Insights

In Sydney, Quiet Listings observed 59 new apartments entering the market over the last 30 days, up from 49 during the previous 30-day period, with an average advertised asking price of $2,814,831. The property type mix of listed properties is predominantly Apartments at 84%, followed by commercial properties (11%), and houses (3%). The most active agency for apartments in the Sydney area is currently Sydney Cove Property, representing 14% of new listings, followed by The Agency with 12%. 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.