11/3-5 Edward Street Wollongong NSW 2500
11/3-5 Edward Street Wollongong NSW 2500
3 bed CBD unit|172mΒ² internal|1295mΒ² lot share|$2.3m list|Ocean views|North-facing. This three-bedroom apartment with 172mΒ² of internal space on a 1295mΒ² strata lot suits downsizers or professionals prioritizing central urban access and lifestyle convenience. Its north-facing orientation captures abundant natural light across open-plan living areas that extend to multiple balconies, enhancing everyday usability for relaxed indoor-outdoor flow. Positioned in the heart of Wollongong, it stands out among street-level units by offering elevated ocean and escarpment vistas, a rarity that elevates its appeal in a tightly held CBD pocket. Buyers drawn to such properties typically include empty-nesters trading houses for low-maintenance living with premium views, or working couples valuing walkability to cafes, beaches and transport. Comparable three-bedroom apartments in the immediate area have transacted steadily, reflecting demand for sizable layouts in established blocks without the premiums of newer developments. The generous building size relative to peers supports versatile use, from home offices to guest entertaining, while ducted air conditioning ensures year-round comfort. Secure double parking and storage add practical security in a high-density setting where off-street spaces command value. Long-term holding potential stems from its residential zoning, school catchments and absence of risk overlays, positioning it as a stable asset amid Wollongong’s ongoing CBD revitalisation. Market estimates around $2 million underscore its competitive stance, with recent listings suggesting measured appreciation for view-endowed units like this one.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Wollongong is a major regional city with a diversified economy and strong infrastructure. Demand is driven by both local employment and Sydney migration. The market includes both houses and apartments. Supply is responsive. Growth is steady with periods of strong uplift.