509/287 Pyrmont Street, Ultimo NSW 2007

509/287 Pyrmont Street, Ultimo NSW 2007
1 bed likely 1 bath 1 car | flood overlay flagged | built 2005 tower | Ultimo school catchment | investor or first-home buyer fit This unit sits in a well-positioned 2005-built tower, a construction vintage that typically offers modern floor plans and reliable building infrastructure compared to older inner-city stock. The flood overlay is the only environmental constraint flagged, but it is common in many Sydney CBD-fringe locations and should be verified for impact on insurance or resale. The school catchment adds practical appeal for owner-occupiers, while the estimated rent of $755 per week signals strong rental demand. The configuration is most suited to investors seeking consistent inner-city returns or first-home buyers wanting a secure foothold near transport, universities, and employment hubs. Value may be influenced by the exact floor level and aspect, which affect light, noise, and views. The presence of a car space in a dense location like Ultimo can command a noticeable premium. The flood overlay might require additional due diligence on strata insurance costs or past building performance. Parking configuration and internal layout—whether open-plan or separate rooms—could shift appeal between tenants and owner-occupiers. A buyer should weigh these factors against comparable units in the same building to form a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 509/287 Pyrmont Street, Ultimo NSW 2007
Checks found:
Value Risk ! 1
Liquidity Risk ✓
Planning Risk ✓
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Ultimo is a tightly held inner-city suburb with a clear market divergence. Demand is driven by young professionals, students, and investors, capitalising on strong rental yields supported by university proximity and excellent transport links. While houses exhibit robust growth, the unit market has experienced significant recent price declines, reflecting broader affordability pressures and interest rate sensitivity. Future growth is underpinned by consistent tenant demand and infrastructure, yet constrained by very low house supply and the unit segment’s demonstrated volatility.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

1.11 acres

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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