96/344 Bulwara Road, Ultimo NSW 2007
96/344 Bulwara Road, Ultimo NSW 2007
Spacious 2-bed unit | 83m² floorplate | Secure parking | Strong rental appeal | City-fringe convenience
This unit stands out for its generous 83m² footprint, which is noticeably larger than the typical two-bedroom apartment in Ultimo. That extra space translates into more livable rooms, better storage, and a layout that feels less like standard investor stock and more like a genuine home. The configuration of two bedrooms, one bathroom, and a single secure car space is practical for a range of buyers, but it is the size that gives it a competitive edge. It suits first-home buyers wanting room to grow, investors seeking dependable rental demand, and downsizers who want city proximity without sacrificing space. The building’s secure entry, parking, and resident pool add convenience, while the location near Broadway, universities, and Darling Harbour makes it a strong lifestyle choice for professionals and students alike.
The price point may be influenced by the unit’s condition and internal finishes, which are not fully documented, so a physical inspection is essential. The building dates to the mid-1980s, meaning older infrastructure and potential strata levies could be a consideration. Floor level is also unknown, which can affect light, outlook, and noise. These factors might create negotiation room or justify a premium depending on what is found, so a thorough review of the strata records and a site visit are advised before forming a final view.
Detailed Independent Property Report prepared by PropCred Analyst team for 96/344 Bulwara Road, Ultimo NSW 2007
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Ultimo’s property market is sharply split. Houses sit at a $1.75m median with a 2.85% gross yield and just nine sales a year; units, at $656,500, yield 6.52% with 144 sales. Students and young professionals near UTS and USYD drive rental demand, supporting the strong unit yield. Yet unit prices have fallen 11.28% in the last year and 35.8% over a decade, while houses have averaged 8.65% annual growth. Units spend a median 40 days on market. Future growth relies on continued inner-city transport upgrades and university-driven tenants, but affordability caps house demand and recent unit declines highlight rate sensitivity and supply pressures in the unit segment.
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PropCred Estimated Value
Comparable Sales: 23/344 Bulwara Road sold for $930,000 in May 2024; 33/344 Bulwara Road estimated near $1.06M | Property Price Band: $900K–$1.0M | Value Drivers: Condition and finish, floor level and outlook, overall layout efficiency
Bedrooms
2
Bathroom
1
Parking
1
Land
83m²
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