3/50 Gladstone Avenue, Wollongong NSW 2500
3/50 Gladstone Avenue, Wollongong NSW 2500
Top floor boutique block | dual street access | ocean view | tenant in place to late 2026
The top floor position in a block of only four units is a rare configuration for Wollongong city fringe, giving this apartment better light, privacy, and outlook than most comparables. The dual street access via Gladstone and Strathearn Avenues adds practical convenience and parking flexibility. Ocean glimpses from a small, well-located block with a lock-up garage makes this format sought after by both investors and downsizers. The existing lease at $585 per week until December 2026 provides immediate income certainty, which will appeal most to investors seeking a hands-off entry, though first home buyers or owner occupiers must be willing to wait.
The main risk here is the unknown internal condition and strata position. As an older small block, future maintenance costs or special levies could affect near-term returns, and the tenant in place limits the ability to inspect thoroughly or renovate before lease expiry. For an investor, the opportunity is securing a top floor unit in a tightly held location with dual street access and a garage—features that support long term rental demand and resale appeal. For an owner occupier, the trade off is patience until late 2026 in exchange for a property that is unlikely to come up often in this format.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/50 Gladstone Avenue, Wollongong NSW 2500
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
!
1
Market Insight
Wollongong presents a strategic coastal alternative to Sydney, with its market characterised by strong apartment activity and robust infrastructure investment. Demand is driven by population growth, migration from Sydney, and solid owner-occupier interest, underpinning a resilient rental market with tight vacancy. Recent price trends indicate a period of adjustment, favouring strategic, long-term investment over speculation. Future growth is supported by a diversified economy and continued development, though affordability variances across suburbs present a key consideration for buyers.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
540m²
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