114 Quarry Street, Ultimo NSW 2007
114 Quarry Street, Ultimo NSW 2007
Victorian corner terrace with parking | tightly held Ultimo pocket | rare three-bedroom configuration | heritage character with renovation upside
This property occupies a genuinely uncommon position at the intersection of period character and practical inner-city convenience. The corner block provides superior natural light and cross-ventilation compared to standard terrace stock, while the off-street parking via Ada Place removes a major friction point for buyers in this precinct. The three-bedroom layout is increasingly scarce in Ultimoโs terrace market, and the combination of high ceilings, exposed brick, and a private courtyard offers a liveable base that does not require immediate work. It best suits owner-occupiers seeking a walkable CBD-fringe lifestyle, or investors targeting tightly held blue-chip stock with clear value-add potential through renovation.
Heritage overlay is the primary constraint, limiting external alterations and requiring council approval for any significant facade or roof changes. Buyers should verify whether the noted Integrated Development status under the Water Management Act introduces additional approval layers or delays for future works. The single bathroom may be a limitation for families or sharers but is typical for the period and can be addressed internally. The auction campaign signals active interest, and the absence of a fixed price means buyers should establish a disciplined ceiling before bidding, informed by comparable corner-terrace sales in Ultimo and Chippendale.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 114 Quarry Street, Ultimo NSW 2007
Market Insight:
Ultimo is a tightly held inner-city suburb with a clear market divergence. Demand is driven by young professionals, students, and investors, capitalising on strong rental yields supported by university proximity and excellent transport links. While houses exhibit robust growth, the unit market has experienced significant recent price declines, reflecting broader affordability pressures and interest rate sensitivity. Future growth is underpinned by consistent tenant demand and infrastructure, yet constrained by very low house supply and the unit segment’s demonstrated volatility.