33 Ormond Street
Ashfield, NSW 2131

Overview

33 Ormond Street, Ashfield

This exceptional property presents a rare opportunity to acquire a purpose-built co-living asset of significant scale, located in one of Sydney's most sought-after Inner West precincts. The asset benefits from a prime park-front position directly opposite Ashfield Park, offering permanent open-space views and a highly desirable residential environment.

Comprising 40 self-contained studio apartments, this property is designed to meet the increasing demand for high-quality, flexible urban accommodation. Each studio is finished to a superior standard and includes private outdoor living spaces, a distinctive feature within the co-living sector that enhances tenant satisfaction and supports strong rental performance.

The development includes 9 secure basement car parking spaces, catering to residents' needs and adding to the overall appeal of the investment. The location offers excellent connectivity, situated just 650 meters from Summer Hill Train Station and retail village, and only 450 meters from the nearest WestConnex entry point. This provides convenient access to Sydney's central business district and major employment hubs, making it an attractive option for tenants seeking accessibility and lifestyle.

Currently, the property generates an annual rental income of approximately $1,050,000, with clear potential to increase this figure to around $1,200,000 per annum through rental growth and income optimisation strategies. This reflects both the strong fundamentals of the Inner West market and the quality of the asset itself.

Located within a tightly held market with limited new supply, this co-living investment offers a unique combination of secure income, embedded growth potential, and long-term relevance. The superior construction quality and premium finishes throughout the property further enhance its appeal to discerning investors.

• Purpose-built co-living asset in Sydney's Inner West
• 40 self-contained studios with private outdoor spaces
• 9 secure basement car parking spaces
• Superior construction paired with premium finishes throughout
• Strong existing income with upside potential
• Direct frontage to Ashfield Park
• Excellent access to public transport and major road infrastructure

This investment represents a rare opportunity to secure a scaled, income-producing asset in a structurally under supplied residential market, underpinned by strong demand drivers and a highly accessible metropolitan location.

Location