50/288-306 Wattle Street, Ultimo NSW 2007

Dual-key income potential | 4th floor spacious light | prime Ultimo location | gym & pool amenities | secure parking This unit’s dual-key configuration creates a competitive edge, offering rental flexibility and higher income potential that serves investors or owner-occupiers seeking to offset costs. Its position in a well-amenitied complex with gym and pool, on a high floor with natural light, meets strong demand for low-maintenance inner-city living. The property is positioned for buyers who value the scarcity of such flexible layouts in a tightly held, established complex. The primary risk is the broad valuation range, indicating market uncertainty that could affect financing and resale. The strata title on a large 2.24-acre lot necessitates scrutiny of capital works funds and bylaws. Proceed by securing a contract review and strata report to quantify these obligations. This unit is best held as a long-term investment leveraging its dual-income function, where its configuration justifies a premium over standard two-bedroom stock. Our tailored report would pressure-test the listed price against true comparable sales and detail the specific strata liabilities and locality risks to inform your offer and insurance needs. Nearby comparable sales in Ultimo, though unspecified in number, support the valuation range. The presence of long-term residents (33%) in the building suggests a stable ownership base, which typically supports capital growth. This context confirms the area’s solid demand, anchoring this property’s price within the established suburb trajectory.