210/478 Wattle Street, Ultimo NSW 2007

1-bed inner-city apartment | balcony and study | yield focus | secure building near CBD This unit is competitively positioned as a compact, high-yield apartment in a tightly held inner-city pocket, where rental demand from professionals and students supports a gross yield above 6%. The study space and balcony add practical liveability for a single occupant or couple, and the secure building with lift access reduces the risk profile for an investor or first buyer seeking low-maintenance ownership. Its strongest appeal is to buyers prioritising location and income return over internal size. The primary risk is the modest floorplan and the unresolved bedroom-count discrepancy across listing platforms, which may narrow the buyer pool and affect resale clarity. Strata fees should be verified, as they can materially reduce net yield in this building type. The opportunity is to negotiate below the estimated mid-range value, given the listing history and potential buyer caution on layout. Hold this property for steady rental income and capital preservation in a location with enduring demand.