36/22 Gladstone Avenue, Wollongong NSW 2500

Easterly ocean outlook | 164sqm internal on one level | Low-density block in central Wollongong | Flood overlay present This unit occupies a rare position within the market—a full-size three-bedroom apartment at 164 square metres is uncommon in Wollongong’s newer stock, where most comparable offerings sit closer to 110–120 square metres. That additional space, combined with the easterly orientation toward the ocean and the open-plan layout extending to a sunlit balcony, gives the property a genuine point of difference against competing apartments in the same price tier. The configuration suits downsizers seeking single-level living without sacrificing room dimensions, or owner-occupiers who prioritise light and spatial comfort over a house and garden. The block sits within an established low-density residential pocket, which should support steadier capital retention than high-rise towers. The flood overlay is the primary structural risk and will narrow the buyer pool at resale, particularly among lenders and insurers who may impose stricter conditions or higher premiums. That cost—both financial and in market liquidity—needs to be factored into the entry price. On the positive side, the strata fees at $1,555 per quarter are high for the area but reflect a building with common facilities and active management, which reduces the likelihood of special levies in the near term. The property suits a buyer who can hold through a longer holding period, absorbing the flood-related discount now in exchange for the space and outlook that are harder to find in this segment.