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NSW › Sydney › Bathurst St

2306/116 Bathurst St, Sydney NSW 2000

For saleApartment

$5,200,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

144 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $5,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $5,200,000(Listing record · 20 Feb 2023)
  • CalculationIf it leased at Sydney's advertised median rent ($893/wk), implied gross yield would be 0.89% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$5,200,000

Asking · $36,111/m² of land

No recorded sale for this property.

Sydney at a glance

20,434

People

No data

Median sale

$893/wk

Median rent

No data

Suburb gross yield

See the full Sydney report →

Total cost to purchase

Purchase Price
$5,200,000
Stamp Duty (New South Wales)
$290,197
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$5,494,064

$294,064 on top of the price (5.7% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Sydney's advertised median rent — not a rent for this listing.

Net yield
-0.61%
Annual cashflow (pre-tax)
$-301,964
Interest cover (DSCR)
-0.12
Annual rent
$46,436
Operating expenses
$78,000
Loan amount
$4,160,000
Annual interest
$270,400
Gross yield
0.89%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$5,200,000available20 Feb 2023

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $893/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 0.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Sydney in one glance

Sydney at a glance

20,434

People

No data

Median sale

$893/wk

Median rent

No data

Suburb gross yield

See the full Sydney report →

Keep researching

  • Why Sydney? Read the area thesis →
  • What else is on the market in Sydney →
  • Other records on Bathurst St →

Listing material

Listed by Online Real Estate Agents

Grandeur 3 Bedroom Apartment Located in the Heart of Sydney CBD

The landmark Castle Residences stands tall on Sydney's busy Bathurst and Castlereagh Streets. Hutchies was thrilled to work with United Development Sydney on this flagship luxury mixed use development designed by award-winning architects Candalepas Associates.

Construction of the 37 storey tower began in late 2018 and included the sensitive refurbishment of the 142 year old heritage listed Porter House building next door. The project brings together high-end apartments with five-star luxury hotel services and amenities – a distinctive offering in the Australian market.

Sitting above a 6 level basement, Castle Residences is home to 131 stunning apartments. The stand out façade boasts beautifully crafted off form concrete domes on the lower floors which perfectly complement the repetitive moulded sandstone vaneer of Porter House. Beyond level 11 it cantilevers 12m off the side and continue up 27 storeys above – suspended gracefully over the Porter House building. The top of the tower offers 5 levels of stunning stepped sky gardens to its residents.

Read the full description

The Porter House Hotel by MGallery offers 121 luxury hotel rooms over 10 levels. The building, formerly known as Dixson & Sons Tobacco Factory, was originally constructed circa 1876 in Victorian Classic Style and has a significant presence on the Castlereagh streetscape even with its relatively sympathetic scale. This development ensures it continues to be an important piece of the urban fabric, especially with its close proximity to the adjacent St George's Free Presbyterian Church.

Both residents and hotel guests enjoy a range of amenities between the two buildings. The hotel services the residences with room service, catering, housekeeping, laundry and maintenance – as well as full access to the hotel's facilities (restaurants, bars, gym, pool and business centre), along with 24 hour security, concierge and valet parking.

Hutchies is well known for delivering major heritage restoration work and high rise towers, which involves high quality workmanship, vertical scale and complexity in busy inner-city environments across Australia. In Sydney's CBD alone, Hutchies has been responsible for a number of iconic towers including the nearby The Residence at Hyde Park and Arc by Crown Group tower on Clarence Street.

Listing description written by Majid Mokhtari, Online Real Estate Agents — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Ensuites: 1
  • Intercom
  • Pet-Friendly
  • Study
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.