7 Parkinson Street, Wollongong NSW 2500

Ocean views from sunroom | oversized living areas | 897m² elevated block | flood overlay present This property presents a rare configuration for central Wollongong, combining a substantial 897m² elevated parcel with direct ocean views in a two-bedroom format. The oversized living areas and three car spaces are atypical for this bedroom count, offering a sense of space and utility that outstrips most comparable stock. It serves downsizers or small families seeking a character home with a premium aspect and walking proximity to schools, rather than modern finishes. The estimated rental yield is low, positioning this primarily as a lifestyle purchase with some income offset. The principal decision mechanism is the flood overlay, which imposes a tangible risk and may constrain future development or complicate insurance. The 2014 last sale suggests significant equity gain, but the recent shift from rental to sale listing warrants scrutiny on vendor motivation. Commercial logic is anchored in the irreplaceable land size and views, not the dwelling itself. Acquire for long-term hold as a principal residence to fully capitalise on the aspect; investors will find the yield uncompelling. Recent comparable sales nearby: * 90 Robertson Street, Coniston * 4/110 Kembla Street, Wollongong While specific prices are not provided, these comparables confirm active transaction activity in the immediate area. The 2014 last sale date for this subject property implies any purchase today will be based on current market valuation, not historical cost.