22 Ulm Street, Maroubra NSW 2035

3-bed house on 405m² lot | Maroubra location | auction campaign | last sold 2018 | estimated value range provided This property presents a core-hold opportunity in a established suburb, defined by its full 405-square-metre land parcel in a standard house configuration. The lot size is its primary competitive strength, offering relative scarcity and future flexibility compared to typical subdivisions or smaller blocks, serving a buyer seeking a long-term foothold or redevelopment potential within the South Sydney High School catchment. The auction strategy and lack of detailed amenity disclosure signal vendor confidence in underlying land value over built-form appeal. Proceed with a land-value focus, as the single-bathroom layout and unspecified condition impose a functional discount against premium house prices. The primary risk is overcapitalising on improvements without a clear comparable sales framework for the specific configuration; the opportunity lies in securing the parcel below the upper valuation estimate. Acquire for land banking or a hold-and-renovate strategy, not for immediate turnkey occupancy.