FOR SALE
For Sale

18/587-589 Riley Street
Surry Hills NSW 2010

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Charming Apartment in a Coveted Location

Take advantage of an incredible opportunity to invest in one of Sydney's most sought-after real estate markets! This charming ground-floor studio apartment offers great potential as a solid investment, home away from home, or entry level opportunity. Located in the prime lifestyle precinct of Surry Hills, this low-maintenance residence offers easy access to Crown Street's shopping and dining, as well as light rail and bus services. Set peacefully at the rear of a brick security complex with easy level access, it makes for a private and quiet retreat. Whether it's a play at the Belvoir, a walk to Prince Alfred Park or a quick trip to the CBD, this studio's excellent location offers convenient and quick access to the best of the city.
+ In great location and condition with wooden floorboards
+ Combined living/dining area plus neat modern kitchen
+ Distinct living area and bedroom for added comfort
+ Intercom entry and entrance via sunny shared courtyard
+ Renovated bathroom with frameless shower screen
+ Currently leased at $575 per week, offering an excellent rental return
+ Phenomenal position just 350m from Surry Hills Light Rail
+ Only 800m to Central Station, with bus stops 100m away

Property Details for 18/587-589 Riley St, Surry Hills

18/587-589 Riley St, Surry Hills is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Agents+Co.

Building Type
Apartment

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About Surry Hills 2010

The size of Surry Hills is approximately 1.3 square kilometres. It has 17 parks covering nearly 9.2% of total area. The population of Surry Hills in 2011 was 15,342 people. By 2016 the population was 16,417 showing a population growth of 7.0% in the area during that time. The predominant age group in Surry Hills is 30-39 years. Households in Surry Hills are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surry Hills work in a professional occupation. In 2011, 34.9% of the homes in Surry Hills were owner-occupied compared with 32.3% in 2016.

Surry Hills has 13,548 properties. Over the last 5 years, Houses in Surry Hills have seen a 32.93% increase in median value, while Units have seen a 11.66% increase. As at 31 October 2024:

  • The median value for Houses in Surry Hills is $2,287,029 while the median value for Units is $994,383.
  • Houses have a median rent of $980 while Units have a median rent of $750.
There are currently 48 properties listed for sale, and 97 properties listed for rent in Surry hills on OnTheHouse. According to CoreLogic's data, 546 properties were sold in the past 12 months in Surry hills.

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