104/88 Keira Street, Wollongong NSW 2500

Central Wollongong | PARQlands building | 2-bed, 2-bath layout | Above-median positioning | Single car space This unit presents a competitively strong configuration within a highly regarded building, a combination that commands a premium in the Wollongong market. The two-bedroom, two-bathroom format with a single car space aligns with prime investor and professional buyer demand for low-maintenance, central living. Its valuation above the suburb median is directly attributable to the PARQlands address, which carries established desirability, positioning it best for a buyer seeking a turnkey asset in the core. The decision hinges on accepting the price density inherent in a sought-after building, where strata costs and limited land component are the primary risk mechanisms. The opportunity lies in the commercial logic of acquiring a scarce, well-configured product in a finite supply setting. Hold this property for capital stability over the short term, leveraging its rental appeal to professional tenants, rather than anticipating rapid, speculative growth. Comparable evidence within the building supports the valuation. Unit 204, an identical configuration on a higher floor, carries an estimated value of $785,000. This establishes a clear price gradient for floor level, confirming that this first-floor unit is appropriately positioned within the building’s value range. The data validates the premium for this specific building product against the broader suburb median of $719,000 for a two-bedroom unit.