505/7 Magdalene Terrace Wolli Creek NSW 2205

2-bedroom Wolli Creek unit | 114sqm internal | flood overlay noted | strong rental demand zone This apartment offers an unusually generous internal floor plan for a two-bedroom unit in Wolli Creek, a suburb dominated by compact new builds. The 114sqm living area, combined with a dedicated car space and balcony, positions it well above the typical stock in this corridor. For a buyer seeking a home that functions like a small house within a strata setting, or an investor targeting tenants who value space over a view, this property holds a clear competitive edge. The built-in robes, floorboards, and dishwasher are expected amenities, but the above-ground pool adds a lifestyle layer that supports premium rent. The flood overlay is the primary risk and must be quantified through insurance quotes and council flood mapping before proceeding; it may narrow the buyer pool at resale and raise holding costs. However, the location within Bayside Council, with strong school catchment zones and reliable NBN and 5G coverage, supports consistent demand from young professionals and families. The high proportion of renters on Magdalene Terrace suggests a liquid rental market, but also a lower owner-occupier density, which can affect building care. This property should be held as a long-term home or a buy-and-hold investment, with the flood risk managed through due diligence rather than avoided outright.