301/9 Park Street Wollongong NSW 2500

Top-floor near-new unit | sweeping water & escarpment views | luxury design | central Wollongong location This property presents a competitively strong proposition due to its rare top-floor positioning in a near-new building, delivering unobstructed coastal and escarpment vistas that are scarce in the market. The combination of a three-bedroom layout with high-end finishes targets an owner-occupier seeking a premium lifestyle or an investor appealing to the upper-tier rental segment. Its immediate listing status after a recent 2021 purchase suggests a motivated vendor, creating a potential negotiation window. The primary risk is the premium attached to the view and newness, which may compress in a softening market, while body corporate costs for a luxury high-rise remain an undefined but material ongoing cost. This unit is best held as a long-term lifestyle purchase, where the views and quality can be fully capitalised, rather than a short-term trade. For this specific property, a Propcred report would validate its true market valuation against recent high-rise sales, detail strata health and locality risks, and ensure adequate insurance for a coastal, elevated position. The property last sold for $1,300,000 in October 2021. Its current estimated value of $1.52 million indicates significant paper growth, though the wide valuation range reflects market uncertainty. This appreciation anchors the vendor’s pricing expectation; a buyer must scrutinise recent comparable sales of similar view apartments to test the current asking price’s resilience.