6101/32 Wellington Street Bondi NSW 2026

Ground-floor flat in park-like strata | Light-filled with full-width terrace and courtyard | 70% renter building with strong auction clearance | Heritage overlay with no flood or bushfire risk. This unit occupies a rare ground-floor position within a well-maintained strata on a large 1.01-hectare lot, offering a private courtyard and full-width terrace that effectively extend living space outdoors—a configuration that commands a premium in the Bondi apartment market. The light-filled interior, built-in robes, and air conditioning make it immediately livable, while pet-friendly access broadens the pool of potential tenants or owner-occupiers. With an estimated value of $1,279,000 and rental income between $885 and $1,130 per week, this property suits an investor seeking stable yield from a high-demand coastal suburb, or an owner-occupier wanting a lock-and-leave home with outdoor amenity. The building’s 89% auction clearance rate signals strong local demand, and the 70% renter profile supports consistent leasing activity. The heritage overlay imposes design and renovation constraints that limit future value-add potential, and the 1.01-hectare land size is shared across 47 properties, so no individual development upside exists. Buyers should verify the strata report for sinking fund adequacy and any upcoming special levies, as older buildings on large lots can carry deferred maintenance costs. The 30% owner-occupier rate is low, which may affect long-term capital growth relative to more owner-dominated buildings. However, the ground-floor terrace and courtyard are genuine differentiators in a market where outdoor space is scarce, and the reliable NBN and 5G coverage support remote work. Hold this property for steady rental income and moderate capital appreciation, with a view to selling into a rising market when auction clearance rates remain above 80%.