307/20 Hilly Street, Mortlake NSW 2137

| Mortlake waterside pocket | 108m² modern strata | 2-bed 2-bath | no heritage or flood overlay | FTTP connectivity | This property offers a rare configuration edge in a softening market: a spacious 108m² two-bedroom floorplan within a modern strata complex, positioned in a quiet waterside enclave with no flood or heritage constraints. For a buyer seeking low-maintenance living in a premium school catchment, the unit’s internal size and open car space provide a competitive advantage over typical newer apartments. It suits downsizers or investors targeting long-term stability, as the building’s scale and location buffer against the suburb’s current -4% to -6% value decline. The primary risk is the market’s softening trajectory, with 79 average days on market and a prior failed sale in 2022 suggesting price sensitivity. The wide valuation gap between sources (mid-$840k to $1.18M) signals that achieving a sale requires a disciplined entry below the 2015 purchase price of $982,500. Opportunity lies in negotiating from a position of market weakness: a buyer can secure a premium floorplan at a discount to replacement cost. Hold for the medium term to ride out the cycle, or rent at $850–$925 per week for a 4.6% yield if cash flow is the priority.