2/8 Hilly Street, Mortlake NSW 2137

12-year hold | $620k–$820k range | building resale volatility | no active listing | strata-dependent The building’s resale pattern—nearby units trading below prior peaks—signals softening demand in this block; a buyer here assumes risk of further depreciation unless pricing reaches the low end of the range. On opportunity, FTTP internet and school catchment add defensive rental appeal, but the property’s 12-year hold and lack of current market test imply the vendor may need to discount. The unit is better suited as a hold-to-rent than a short-term flip. Competitively, the 79 m² floorplan and secure parking are tight for owner-occupiers but efficient for an investor targeting the Concord High zone. The block’s recent sales—one at $920k, another down to $750k—reveal inconsistent pricing, meaning due diligence on strata health and floor level is non-negotiable. This property suits a buyer who prioritises yield over capital growth in a stable council area. To move forward, request the 2026 strata inspection report and confirm parking title separately, then benchmark your offer strictly against the lower end of the value range.