112/5 Elger Street

Glebe NSW 2037

59 m²

Apartment

Currently for sale - view listing

Overview

Why rent when you can own Your First Home or Secure a High-Yield Investment in the Heart of Glebe

Whether you're looking to step into the market or secure a smart investment, this well-positioned apartment offers an exceptional opportunity in one of Sydney's most vibrant lifestyle pockets. With a rental return of $770 per week, the property represents a strong 5.1% gross yield, well above the Sydney average. Making it equally appealing to investors seeking solid returns. For first home buyers, this is your chance to break free from the rental cycle. Based on a purchase price of $795,000 with a 5% deposit, repayments are approximately $1,050 per week...meaning you could own your own home for not much more than you'd pay in rent. Positioned within easy reach of Glebe's café scene, foreshore walks, universities and the CBD, the lifestyle on offer is as compelling as the numbers. "Arthouse" building, this stunning North-East facing one-bedroom apartment with additional study/storage delivers premium inner-city living in the very heart of Glebe. Set at one of Glebe's highest points, the building offers residents access to a beautifully landscaped communal rooftop garden with BBQ facilities and spectacular city views, perfect for entertaining or unwinding above the city. Property Features: * Designer gas galley kitchen with stone benchtops * Smeg appliances including inbuilt microwave & dishwasher * Ducted air conditioning throughout * Expansive light-filled living & dining areas * Generous bedroom with plush carpet * Stylish bathroom with custom built-in storage * Timber flooring to main living areas * Large undercover balcony off living area & bedroom * Internal laundry with dryer * Additional study or storage room * North-East facing apartment * Secure, modern building with communal rooftop garden & BBQ area offering city views Lifestyle & Location Highlights: 650 m to Broadway Shopping Centre 650 m to Glebe Point Road village, cafés, restaurants, pubs & shops 650 m to UTS 650 m to the University of Sydney 900 m to the new Sydney Fish Markets Excellent public transport options at your doorstep Close to parklands, foreshore walks & harbour precincts An exceptional opportunity for investors or owner-occupiers seeking a blue-chip location, premium finishes, and long-term growth. Currently tenanted at $770 per week until 21/11/2026 Contact us for further details or to arrange a private inspection.