









Currently listed — $1,700,000
2 bed · 2 bath · 1 car · ApartmentUnitFlat
The Property Brief — what the evidence shows. You draw the conclusion.
Confidence: High — based on 328 comparable auction sales (79 of this exact configuration) · model runs ±12% for this configuration · the model's typical miss is ~11% against published results — every hit and miss
What we've tracked
- 15 Aug 2026 our tracking restarted after a six-week portal gap — the campaign start is unknown, this is not a listing date
- 18 Aug 2026 asking $1.7M
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 38/251-263 Goulburn St | 2 bd · 2 ba | $1.1M | Sept 2025 |
| 3/92-96 Albion St | 2 bd · 2 ba | $1.9M | Sept 2025 |
| 28/33 Reservoir St | 2 bd · 1 ba | $1.31M | July 2025 |
| 103/81 Foveaux St | 2 bd · 2 ba | $1.71M | June 2025 |
| 201/81 Foveaux St | 2 bd · 2 ba | $1.73M | June 2025 |
Suburb risk flags
crime index: 100 — well above sydney average · 10 min walk to Central · trains ~every 2 min at peak
Where every number comes from
- Fair value: AI PropertyEye price model 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
- Comps: published Domain auction results for Surry Hills — suburb × configuration matches, not hyper-matched to this address
- Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
- Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment
Local rents — postcode 2010 units, new tenancies
$825/week median new-tenancy unit rent in 2010 (2026Q2, 544 bonds lodged).
The rent is real (NSW Fair Trading bond lodgements, CC BY) but it pools every bedroom count in the postcode and this is a 2-bed — so we don't derive a yield % from it: a ratio of two different grains reads as precision it doesn't have. New-tenancy rents also run hotter than sitting rents. Not financial advice.
Growth trend — Surry Hills units at auction
Measured like-for-like growth ≈ 0.1%/yr — 2-bed sold-price medians across 17 quarters (141 sales).
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Similar properties — on the market now
The 6 listings above are on the market now: same unit category, within 1 bedroom of 2, asking within 20% of this one, in Surry Hills or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.
Planning & zoning — MU1 Mixed Use
Shops/offices below, apartments above. Walkable and lively, but denser and busier.
Heritage conservation area — Little Riley Street. The property sits in a heritage conservation area — the streetscape is protected, so visible/external changes are controlled. It's area-wide, not this building specifically; it tends to preserve character and value.
Zone MU1 (Mixed Use) under the SYDNEY LEP · heritage from the NSW Heritage Map layer, from the NSW ePlanning layers at this address's geocoded point — a guide, not a parcel-level legal check. Confirm the exact lot at the NSW Planning Portal.
Development applications — at & near this address
| Where | Proposal | Status | Outcome | Est. cost | Lodged |
|---|---|---|---|---|---|
| ~50 m · 23 Waterloo Street Surry Hills 2010 | Alterations And Additions To Residential Development · 1 new dwelling | Determined | Refused | $15k | 2020-10-16 |
| ~50 m · 23 Waterloo Street Surry Hills 2010 | Alterations And Additions To Residential Development | Operational consent requested | Approved, with conditions | $200k | 2021-09-20 |
| ~63 m · 71-111 Cooper Street Surry Hills 2010 | Commercial Development, Office Premise, Alterations Or Additions To An Existing Building Or Structure | Determined | not on record | $294k | 2025-11-13 |
| ~84 m · 117 Kippax Street Surry Hills 2010 | Alterations And Additions To Residential Development | Determined | Approved | $10k | 2020-09-03 |
| ~87 m · 119 Kippax Street Surry Hills 2010 | Business Premises, Change Of Use Of Land Or A Building Or The Classification Of A Building Under The Building Code Of Australia, Business Identification Sign | Additional Information Requested | not on record | $422k | 2026-07-09 |
| ~88 m · 52 Waterloo Street Surry Hills 2010 | Restaurant Or Cafe, Retail Premise, Food And Drink Premise | Determined | not on record | — | 2025-08-14 |
Development application data © NSW Department of Planning and Environment, used under CC BY 4.0. Matched at this exact address or within ~150 m of its geocoded point — proximity evidence, not a parcel-level check. Lodged means proposed, not approved or built. Outcome comes from a separate NSW dataset that stops in Nov 2023: applications determined after that, or still undetermined, read “not on record” — which means we don't know, never that it was refused. “Status” is the council's own workflow state and “Determined” on its own does not say which way it went. Verify any application on the NSW Planning Portal.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
The building — its registered strata scheme
Strata plan SP96543 registered 2019 — the building is at least 7 years old · 19 lots in the scheme.
Registration is an age floor, not a build date — a converted building is older than its strata plan. Scheme records from the NSW Strata Hub. © State of New South Wales (Spatial Services, a business unit of the Department of Customer Service NSW). For current information go to spatial.nsw.gov.au.
What's changing in Surry Hills — recent local signals
2025-09-30 — Place of worship invest — 119-123 DEVONSHIRE STREET SURRY HILLS 2010 ($193k) (institutional-signals.json (PAN-574775, OnlineDA))
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Crown St PS (primary) · Inner Sydney HS (secondary)
9 primary schools within 2 km · ICSEA ~1104 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
NSW DoE intake zones at this address's geocoded point — tighter than a suburb-level guess, but geocodes carry a few metres of error and boundaries change with reviews. Verify the exact address at School Finder. Intake zones cover government schools only.
Green space nearby
Protected public recreation land within 250 m
Land zoned RE1 under the local environmental plan — reserved for public recreation, which protects it from being built over. The zoning doesn't say what's on it or how usable it is, and this layer doesn't carry park names.
Privately-zoned recreation land (RE2 — typically golf courses or club grounds) within 2000 m. Private land: green outlook, not public open space.
Straight-line distance, not walking distance. NSW ePlanning planning layers (Land Zoning), CC BY. Distances are ladder buckets measured at the address's geocoded point.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.