350 Bulwara Road, Ultimo NSW 2007

Heritage sandstone cottage | corner block with park frontage | two-storey with two ensuites | north-facing veranda and private courtyard This property occupies a genuinely rare position in Ultimo: a freestanding heritage cottage on a corner block with direct park outlook, which is almost unheard of in this precinct. The two-storey layout with two ensuites and a north-facing veranda gives it the spatial feel of a small terrace while the renovated kitchen and bathrooms remove the immediate need for capital works. For a buyer seeking a lock-and-leave home with historic character, or a professional couple wanting proximity to the CBD and university without apartment living, this property offers a configuration that competing listings in the area simply cannot match. The 110-square-metre landholding, though modest, is fully utilised with a private courtyard and no shared walls, which adds a layer of exclusivity that drives buyer competition in this price band. The principal risk is the guide range inconsistency across sources, which suggests the vendor may be testing the market rather than anchoring to a firm reserve. A buyer should treat the $1.8M–$1.98M band as the realistic entry point and prepare for an auction outcome at the higher end if multiple parties compete. The heritage overlay limits future alterations, so the existing floorplan must be accepted as-is. On the opportunity side, the rental yield at roughly $1,000 per week supports an investor hold strategy, and the corner position with park frontage historically commands a premium on resale. The property works best as a long-term hold for someone who values character over expansion potential.