Apartment of the week: Potts Point

16 & 17/5 Oak Lane, Potts Point, is for sale with price hopes of more than $1.2 million. 16 & 17/5 Oak Lane, Potts Point.
Nanjing Night Net

16 & 17/5 Oak Lane, Potts Point.

It’s like being on the set of Friends. That’s the agent’s take on this funky loft-style penthouse and he couldn’t better describe it unless he mentioned the views. For the couples inspecting it last weekend, though, there was no need to mention the outlook.

Three huge banks of timber sash windows across the western wall of this apartment deliver the big city and harbour vista that buyers covet. The Opera House is nicely framed by the Harbour Bridge and Botanic Gardens while the city skyline silhouettes at sunset.

Light is another feature. No fewer than 27 skylights stud the ceiling, flooding both levels in light. And then there’s the space – 190 square metres of it. The previous owner amalgamated two apartments and used the roof space to add a mezzanine level that houses a vast bedroom space, lounging area and study zone.

The other bedrooms are on entry level. Both are doubles, one with a large walk-in wardrobe and mosaic-tiled en suite. The main bedroom and its raised circular spa en suite share the spectacular view.

A bonus of this apartment is the size of the kitchen. Open to the combined living-dining area, it has two long walls lined in seamless stainless-steel benchtops with a gas hob and mirrored splashbacks to maximise the view.

It’s the exposed brick wall, steel girders and balustrades and the mezzanine layout that bring to mind a New York loft. The palette of rust, navy and grey gives the interior a masculine feel and while there is a little work needed (some bathroom tiling and a fresh coat of paint), the apartment is a knockout.

The price guide is held back by the lack of car space and the access: there are six flights of stairs to this penthouse and one more to the shared rooftop terrace (more Spartan than swank).Details

16 & 17/5 Oak Lane, Potts Point

Price guide: $1.2 million+

Built 1940s Renovated 1991

Size 190 sq m (internal)

Strata levy $2319 a quarter

Auction May 30

Inspect Sat, 11-11.45am; Wed, 5-5.30pm

Agent Richardson & Wrench Elizabeth Bay/Potts Point, 0412 044 822

Last traded for $950,000 in 2003

Highest recorded apartment price in Potts Point (past 12 months) $6.4 million for 7/1 Grantham Street in June

Auction clearance rate 48 per cent

$1.33 million for 605/7 Rockwall Crescent in April;

$1,551,000 for 3/50 Victoria Street in March;

$1.2 million for 71/3 Wylde Street in March.

Source: Australian Property Monitors, 1800 817 616; homepriceguide南京夜网.au

Potts Point has been the culture club of Sydney for decades. Its proximity to the city, Opera House and east side galleries draws singles, couples and more recently, families. Cafes, restaurants and delis along tree-lined Macleay Street serve as kitchens to the generally well-healed. Sharing its border with Kings Cross adds a welcome frisson.

Serviced by buses and trains from Kings Cross station to the city and Bondi.

Close to the city (three kilometres away); Boy Charlton harbourside pool; the Botanic Gardens; St Vincent’s Hospital and medical rooms; and Gelato Messina.

This story Administrator ready to work first appeared on Nanjing Night Net.

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