128 Crown Street Property
Terrace431

128 Crown Street

Surry Hills, NSW 2010

Estimated Value
High Conf.
$2.4m - $2.6m
LowHigh

Property Narrative

A masterclass in contemporary design, this transformed Victorian terrace balances heritage character with cutting-edge architectural innovation. Beyond the classic façade lies a reimagined interior where light, space, and functionality converge to create a truly sophisticated urban sanctuary.

The entry level features formal living and dining zones with original fireplaces, flowing seamlessly into a bespoke chef's kitchen equipped with Wolf appliances and honed Calacatta marble surfaces. Floor-to-ceiling bi-fold steel doors dissolve the boundary between indoors and the private, north-facing landscaped courtyard.

Upstairs, the accommodation comprises three generous bedrooms, including a master retreat with a boutique-style ensuite and private balcony. A versatile attic conversion serves as a fourth bedroom or executive home office, capturing sweeping district views across Surry Hills.

Floorplan & Legal

Floorplan
View Layout

Property Details

Location analysis, key attributes, and planning information

Location Score
9.2/10
Transit 9.0Schools 8.0Lifestyle 9.5
Nearby Amenities
Central Station
450m SW
Crown Street Shops
200m N
Prince Alfred Park
350m S
Bourke St Cafes
150m E

Key Attributes

Land Size
148sqm
Internal Area
210sqm
Zoning
R1 General
Aspect
North-East
Last Sold
2018($1.85m)
Growth since purchase
+40.5%

Education Catchment

Crown St Public
Primary • Co-ed
0.2km
Catchment
Sydney Boys High
Secondary • Boys
1.1km
Selective
SCEGGS Darlinghurst
K-12 • Girls
0.8km
Private

Planning & Zoning

ZoneR1 General
Height Limit9.0m
FSR1.5 : 1
HeritageConservation

Comparable Sales

Recent sales data used for valuation methodology

Median Comp Price
$2.55M
Avg Price/sqm
$17.9k
Avg Days on Market
23
42 Cooper Street
High RelevanceSOLD OCT 24
$2,550,000
$17,958/sqm

42 Cooper Street

180m from subject
21 days
321142 sqm

Superior renovation but smaller land size compared to subject property. Inferior street appeal.

Size adjustment+$50k
19 Richards Avenue
Medium RelevanceSOLD SEP 24
$2,380,000
$18,594/sqm

19 Richards Avenue

320m from subject
35 days
310128 sqm

Similar land size. Unrenovated condition. Good proxy for land value base.

Condition adjustment+$120k
88 Bourke Street
High RelevanceSOLD NOV 24
$2,720,000
$17,067/sqm

88 Bourke Street

450m from subject
14 days
431159 sqm

Premium street position with district views. Fully renovated with high-end finishes.

Location premium-$70k

Rental Appraisal

Investment returns and rental market analysis

Weekly Rental Estimate

Based on current leasing data

$1,850 - $2,100
Per Week
Gross Yield
3.8% - 4.2%
Vacancy Rate
1.2%
Suburb Avg: 1.9%

Agent Note: Strong demand for executive rentals in this pocket. We recommend marketing the property as fully furnished to target corporate tenants, potentially achieving a $2,500/week premium.

Estimated Outgoings

Annual Total
Council Rates
$485/qtr
Water Rates
$190/qtr
Building Insurance
$2,200/yr
Est. Maintenance
$3,000/yr
Total Annual Outgoings$7,900
Net Yield (after outgoings)3.4% - 3.9%

Market Insights

Suburb performance, demographics, and market trends

Surry Hills Market Snapshot

Updated Jan 2026
Days on Market
24
-2 days vs avg
Avg. Online Views
1,240
High Demand
Clearance Rate
82%
Consistent
Price Growth (12M)
+8.4%
Above Metro Avg
Stock on Market
47
-18% YoY
Median Price
$2.45M
Terraces

Suburb Growth (12m)

+8.4%Trending

Outperforming inner-city average (5.2%). High demand for renovated terraces.

Jan 25Jan 26

Target Audience

Young Professionals
45%

DINKs, tech workers, creative industries

Downsizers
30%

Empty nesters, premium lifestyle seekers

Investors
25%

Yield-focused, long-term growth

Surry Hills Demographics

ABS Census 2021
Housing Tenure
Owner Occupier
Renter
45%55%
34
Median Age
$2.8k
Weekly Income
68%
Tertiary Educated
2.1
Avg Household
Top Employment Industries
Professional Services32%
Tech & IT24%
Creative Industries18%
Healthcare14%

Market Performance

Surry Hills 4-Bedroom Terrace Median Price

+32.8% since 2020
$1.92M
2020
$2.18M
+13.5%
2021
$2.05M
-6%
2022
$2.32M
+13.2%
2023
$2.45M
+5.6%
2024
$2.55M
+4.1%
2025
Historical
Current
Source: CoreLogic

Buyer Activity

Active buyer database and projected campaign timeline

Active Buyer Matches

Real-time matching from our database

AH
MK
+14
Sarah & James
Budget: $2.4m - $2.7m • Pre-approved
High Match
Equity Partners Ltd
Budget: $2.8m • Cash Buyer
Med Match
International Investor
Budget: $2.5m+ • Yield Focused
Low Match

Campaign Timeline

4 weeks
Week 1Feb 3 - 9
Campaign Launch
Photography & Video
Listing Live
Email to 2,400 buyers
Week 2Feb 10 - 16
Open Homes
Saturday inspections
Private viewings
Buyer feedback report
Week 3Feb 17 - 23
Negotiations
Contract requests
Pre-auction offers
Final buyer shortlist
Week 4Feb 24
Auction Day
On-site auction
Reserve strategy
Settlement terms

Your Agent

JD
John Doe
Senior Partner • 15 years
(127 reviews)
Top 1% AgentSurry Hills Expert
42
Sales (12M)
$2.8m
Avg Price
98%
Success
Above Asking+4.2% avg
Days to Sell18 avg

Value-Add Recommendations

Strategic improvements to maximize sale price

Improvement Opportunities

Internal Painting

Refresh living areas and hallway to brighten space.
Est. Cost: $3,500 Est. ROI: 3x

Courtyard Landscaping

New paving and vertical garden installation.
Est. Cost: $2,000 Est. ROI: 2x

Bathroom Update

Major works not recommended given current timeline.

Est. ROI
+7-10%

Property Styling

Professional styling increases sale price by an average of 7-10%. We have reserved a tentative slot with Coco Republic for Week 1.

Full furniture package
Professional lighting
Photography included
Package from
$4,500

Marketing Plan

Campaign strategy, method of sale, and proposal

Marketing Campaign

Method of Sale

Auction Campaign

4 weeks

Given the high demand for terraces in Surry Hills, an Auction creates urgency and competition, likely maximizing the sale price above $2.5M.

Commission Rate1.8%