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NSW › Glebe › Bay St

U1003b, 89 Bay St, Glebe NSW 2037

For saleApartment

$145,155

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $145,155 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $145,155(Listing record · 17 Jan 2024)
  • CalculationAsk is 95% below the Glebe median recorded sale ($2,767,500, n=36, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Glebe's advertised median rent ($679/wk), implied gross yield would be 24.32% — 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

$145,155

Asking

No recorded sale for this property.

Glebe at a glance

12,571

People

$2,767,500

Median sale

$679/wk

Median rent

1.28%

Suburb gross yield

Median sale from 36 recorded sales (last 12 months) — a Districts calculation.

See the full Glebe report →

Vs Glebe

-94.8%

Median sale

Suburb $2,767,500

+23.04 pp

Gross yield

Suburb 1.28%

Suburb median $2,767,500 from 36 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$145,155
Stamp Duty (New South Wales)
$3,212
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
$152,234

$7,079 on top of the price (4.9% 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 Glebe's advertised median rent — not a rent for this listing.

Net yield
22.82%
Annual cashflow (pre-tax)
$25,583
Interest cover (DSCR)
4.39
Annual rent
$35,308
Operating expenses
$2,177
Loan amount
$116,124
Annual interest
$7,548
Gross yield
24.32%

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$145,155available17 Jan 2024

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 $679/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 24.3%. 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

Glebe in one glance

Glebe at a glance

12,571

People

$2,767,500

Median sale

$679/wk

Median rent

1.28%

Suburb gross yield

Median sale from 36 recorded sales (last 12 months) — a Districts calculation.

See the full Glebe report →

Keep researching

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

Listing material

Listed by Sydney Realty Group

Parkside luxury, unrivalled views, close to every amenity

Overlooking the lush expanse of Wentworth Park, just moments from the CBD, this bright and sunny, contemporary two-bedroom apartment distills the essence of convenience, luxury and vibrant city living. Located on the sub-penthouse level of the prestigious, multi-award winning Mezzo complex by renowned Chrofi and Kannfinch architects, the apartment exudes a charming and inviting ambience.

Defined by sleek lines, high-quality appliances, bespoke fittings, and stylish timber finishes, the apartment has a uniquely alluring quality. The open-plan living, dining and kitchen area flows through large, retractable doors onto a north-facing entertainer's balcony overlooking the verdant greenery below, with city skyline views.

The gourmet kitchen features timeless stone benchtops and integrated premium Miele appliances, designed for effortless workflow without compromising on style. Both bedrooms are bathed in the morning sunlight, and feature ample built-in wardrobes. There are two elegant bathrooms, each with mosaic tiles and contemporary designer finishes that create a sense of style and luxury.

Read the full description

The apartment offers immediate access to a vibrant village café culture, with some of Sydney's best eateries just minutes from the front door. The Sydney CBD, Chinatown, the Fish Markets and Broadway shopping centre are all just moments away. With immediate access to Sydney University, the University of Technology (UTS), Notre Dame University and a range of top schools, this magnificent abode enjoys unrivalled convenience. It is sure to be equally appealing to the professional couple or the astute investor seeking to maximise returns.

Features

- North-facing balcony with lush outlook over Wentworth Park and city skyline views

- Bright and airy with large windows and inviting ambience

- Two generous carpeted bedrooms, both with built-ins, master with ensuite

- Bespoke kitchen with mosaic tiled splashback, Miele appliances and stone benchtop

- Two designer bathrooms with black and grey marble tiles and quality finishes

- Secure basement carspace with storage cage, lift access

- Delightful rooftop terrace taking in the city skyline and parkland views

- Internal laundry, reverse cycle ducted air-conditioning

- Secure intercom access, level lift access from street

- Immediate access to the CBD, Chinatown and Broadway shopping centre

- Stroll to Sydney University, UTS and Darling Harbour and the Fish Markets

Council: $295.10 per quarter

Water: $180.30 per quarter

Strata: $2,225.80

Listing description written by William Tianguang Bai, Sydney Realty Group — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Ensuites: 1
  • Living Areas: 1
  • Toilets: 1
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.