136/310 Wattle Street, Ultimo NSW 2007

North-facing split-level | 3-bed plus study | dual parking | 197sqm internal | building 65% owner-occupied This unit’s primary competitive advantage is its size and layout—197sqm internal with a north-facing split-level design is exceptionally rare for a three-bedroom apartment in Ultimo, and the study provides genuine flexibility for a home office or fourth bedroom. The building’s high owner-occupier ratio (65%) signals stable neighbours and better maintained common areas, which typically supports long-term capital preservation. The property serves best a downsizer or professional couple wanting inner-city floor space without moving into a house, or an investor targeting the premium end of the rental market where quality stock is scarce. The main risk is the auction format with only seven days on market—this suggests the vendor may be testing buyer appetite rather than running a full campaign, which can compress due diligence. The 2016 last sale date means the property has not transacted through the recent price cycle, so comparable evidence is thin. The rental estimate of $1,160 per week, while strong, is based on limited data and may take time to achieve. The buyer should treat the building’s 29% long-term residents as a positive signal for community stability, but verify strata records for any upcoming special levies. Hold this property as a core inner-city residence or low-turnover rental; its scarcity of layout and parking will protect against the oversupply of standard one-bedroom units in the area.