23 Hughes St, Potts Point is a 0 bedroom, 0 bathroom House and was built in 1920. The property has a land size of 289m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Hidden in a quiet and sought-after pocket of Potts Point is 23 Hughes Street, a grand freestanding 3-level house currently operating as 13-room backpacker accommodation.
The property offers a unique opportunity to capitalise on its position and potential. This classic c.100-year-old residence is ideal for converting into a luxury private residence, or multiple boutique apartments. An offer must not be underestimated with an abundance of opportunity and possible configurations available on the prime 284sqm of real estate with coveted north rear aspect.
Packed with potential and located only moments from the heart of Potts Point, this is a rare chance to secure a unique foothold in a blue-ribbon suburb.
Key Highlights
13 room backpackers accommodation
Endless opportunities & Flexible options Apartments or a house
Redevelopment opportunity with possibility for duplex or multiple prestige apartments (STCA)
Favourably North Facing
Large land area for Potts Point
Fully leased income of $234,000 per annum*
Mere footsteps to cafes, restaurants, shopping and transport
A short walk to parks, harbour, Woolloomooloo, Darlinghurst and the CBD
*approx.
23 Hughes Street, Potts Point is for sale via expressions of interest closing 18th of August 2022 at 4pm (AEST).
For more information or to organise an inspection, please contact the exclusive selling agents.
The size of Potts Point is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.5% of total area. The population of Potts Point in 2016 was 9423 people. By 2021 the population was 7183 showing a population decline of 23.8% in the area during that time. The predominant age group in Potts Point is 30-39 years. Households in Potts Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Potts Point work in a professional occupation.In 2021, 33.20% of the homes in Potts Point were owner-occupied compared with 31.30% in 2016.
Potts Point has 7,235 properties. Over the last 5 years, Houses in Potts Point have seen a 32.64% increase in median value, while Units have seen a 8.39% increase. As at 30 November 2025:
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