2144/185-211 Broadway Ultimo NSW 2007

Ultimo studio | 47m² two-bedroom | pool complex | heritage overlay | student demand zone The unit offers a rare configuration in a market dominated by studios and one-bedrooms: a genuine two-bedroom floorplan at 47 square metres, within a complex that includes shared amenities and secure parking. For an investor targeting the student or young professional tenant in Ultimo, this floorplan commands a rental premium that smaller units cannot match, while the estimated weekly return of $770 implies a gross yield that justifies the purchase price range. The location 1.55 kilometres from the CBD and within walking distance of the University of Technology Sydney and the University of Sydney gives this property a structural demand advantage that is independent of broader market cycles. The heritage overlay introduces a constraint on future redevelopment or major alterations, which limits capital upside from renovation but also protects the complex’s character and occupancy profile. The buyer should note that the land size listed refers to the entire complex, not the individual unit, so no land value appreciation can be assumed from this address. The broadband and 5G coverage are supporting conveniences, not price drivers. This property is best held as a long-term rental holding, with the expectation of steady income rather than capital growth, and should be managed through a specialist student accommodation agent to maximise occupancy and minimise vacancy risk.