1101/7 Magdalene Terrace Wolli Creek NSW 2205

Modern 1-bed in sought-after Vivid | Potential flood overlay | Strong rental demand | High owner-occupier suburb The primary risk is the identified flood overlay, which may impact future insurance premiums and financing. The recent sale within 12 months suggests a vendor seeking quick profit, presenting a negotiation opportunity. This unit is best held as a long-term rental, capitalising on the tight rental market and reliable tenant pool in Wolli Creek. Its competitive pricing against the suburb median offers a clear entry point. This property’s strength is its position within a highly-regarded building in a precinct with dominant owner-occupier sentiment, which supports capital stability. The sun-drenched living area and premium inclusions like a dishwasher and built-in robes cater directly to the professional tenant or owner-occupier seeking low-maintenance convenience. It serves the yield-focused investor or the first-home buyer prioritising modern amenities over larger space. Your next step is to validate the flood overlay’s practical impact and assess the building’s financial health, as these are the decisive factors unseen in the listing. Recent sales data shows 104 one-bedroom units sold in Wolli Creek this year, with a median price of $630,000. This unit’s last sale at $580,000 in September 2023 and its current estimated value of $628,000 indicate it is positioned at the market’s entry point, aligning with the median and confirming its pricing is competitive rather than premium.