Apartment

2/48 Nelson Street

Annandale NSW 2038, Australia

2Bedrooms
1Bathrooms
1Parking
1528 m²Land size
74 m²Internal area
$955,000Last sale (2023)

Snapshot

Key points for 2/48 Nelson Street.

  • 2 bedrooms, 1 bathroom, 1 parking space
  • Estimated market value: $990,000
  • Recorded price: $955,000
  • Balcony
  • Gym, pool, spa, tennis court (building amenities)

About this property

yardizepropertyrecord
2/48 Nelson Street is in Annandale, NSW and is presented as an Apartment with 2 bedrooms, 1 bathroom, 1 parking space, land size of 1,528 m², internal area of 74 m². Price: $955,000. The estimated market value is $990,000 and the estimated weekly rent is $896 per week

Also written as Unit 2, 48 Nelson Street.

Key details

Locality
Annandale
State
NSW
Coordinates
33.88543919 / 151.17151877
GNAF PID
GANSW703913132
Legal parcel ID
2/SP58711
Remoteness area
Metro
Property type
Apartment
Unit land size
1528 m²
Unit internal area
74 m²
Built
c. 1900 (original factory); conversion to apartments completed early 2000s
Heritage overlay
Detected
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$896
Expected property value
$990,000
Estimated yield
4.71%
Confidence
High

Based on the comparable property evidence currently available.

Sales history

EventDatePricePrice per m²
Sale
8 Dec 2023
Auction sale via Belle Property.
$955,000—
Sale
31 Aug 2020
$820,000—
Sale
18 Oct 2018
$780,000—
Sale
22 Oct 2003
$408,000—

Property insights

Building profile

  • Unit 2 at 48 Nelson Street, Annandale is a 2‑bedroom, 1‑bathroom apartment within the heritage‑listed “Piano Factory” conversion buildingBuilt year Ray White
  • Recent price appreciation: Sale price rose from $820k (2020) to $955k (2023), exceeding broader suburb median trends
  • Built: c. 1900 (original factory); conversion to apartments completed early 2000s
  • Heritage‑listed conversion: Former piano factory (c.1900) converted to apartments
  • Number of units in building: 26 units
  • Year of original construction: c.1900

Property Features

  • Balcony with private outdoor spaceRaywhite.com
  • Secure garage plus carport
  • Access to shared pool, spa, gym and tennis court
  • On‑site security
  • Balcony
  • Gym, pool, spa, tennis court (building amenities)
  • Secure car park and on‑site security
  • Heritage‑listed piano factory conversion: Original 1900 building repurposed into 26 residential apartments with on‑site amenities
  • Car spaces: 1
  • Floor area: 79 m²

Ownership mix

Approximate occupancy mix for the surrounding area
Owner-occupied
45%
Renter-occupied
55%

Real Estate Agencies

Ordered by:
Ray White - Everest Group
BresicWhitney - Inner West
Adrian William
Harris Tripp - Summer Hill
The Agency Inner West
Ray White - Erskineville | Alexandria | Glebe | Surry Hills
McGrath Estate Agents Inner West - Leichhardt
McGrath Lower North Shore
Ray White Elevate Group
CobdenHayson - Annandale
Horwood Nolan
Morton Real Estate - Pyrmont
Ray White - Annandale
Belle Property - Annandale
Time Realty - Five Dock
Belle Property - Balmain
CobdenHayson - Petersham
MONTANO GROUP - LEICHHARDT
Pilcher Residential - Annandale
Reco Property
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
St Brendan's Catholic Primary School
0.1 km
Primary school | Catholic
Bridge Road School
0.4 km
Combined school | Government
Annandale Public School
0.2 km
Primary school | Government
Annandale North Public School
0.8 km
Primary school | Government
Forest Lodge Public School
1.0 km
Primary school | Government
Royal Prince Alfred Hospital School
0.9 km
Combined school | Government
St Fiacre's Catholic Primary School
0.9 km
Primary school | Catholic
St Scholastica's College
1.3 km
Secondary school | Independent
St James Catholic Primary School
1.4 km
Primary school | Independent
St Michael's Catholic Primary School
1.0 km
Primary school | Catholic
The Athena School
1.2 km
Combined school | Independent
Sydney Secondary College Leichhardt Campus
1.4 km
Secondary school | Government
Sydney Secondary College Blackwattle Bay Campus
1.8 km
Secondary school | Government
Newington College
1.5 km
Combined school | Independent
Newtown High School of Performing Arts
1.7 km
Secondary school | Government
Australian Performing Arts Grammar School
2.1 km
Secondary school | Independent
Fort Street High School
1.8 km
Secondary school | Government
Guardian Childcare & Education Camperdown
0.4 km
Camperdown Sunshine Kids
0.5 km
St Joseph's Preschool & Long Day Care Camperdown
0.8 km
* Approximate straight-line distances

Frequently asked questions

How many bathrooms are included?

The unit includes one bathroom

Raywhite.com
Which primary school is closest?

St Brendan's Catholic Primary School is approximately 0.1 km away

How many bedrooms does the unit have?

The apartment has two bedrooms

Raywhite.com
What parking facilities are available?

There is one garage space and an additional carport space

Raywhite.com
What is the recent sale price?

The property sold at auction for $955,000 on 8 December 2023

Raywhite.com
What is the estimated weekly rent?

Estimated rent is $860 per week, implying a yield of around 4.5%

Raywhite.com
What heritage feature does the building have?

It is a conversion of the heritage‑listed former piano factory built around 1900

Raywhite.com
What nearby cultural landmark is within walking distance?

Olympia De‑Luxe Theatre is about 0.3 km away

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