FOR SALE
$160,000

2104/185 Broadway
Ultimo NSW 2007

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 26m2
Land area: 26m2
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Currently generating $450 per week rental income

This expansive loft, perfectly located in the city center across from the Broadway Shopping Centre, is an excellent option for both investors and owner occupiers. It is conveniently close to major educational institutions such as UTS, Sydney University, Notre Dame University, and TAFE, providing easy access and convenience.
- Current tenant is paying $450 per week, lease term is 20th Feb 2025
- The apartment comes fully equipped with furniture, including a bed, wardrobe, desk and chair
- The bathroom is fitted with a shower, vanity, and toilet
- For added convenience, there are coin-operated laundry facilities on each floor and a kitchen
- Enjoy the advantages of on-site building management and round-the-clock security services
- Its prime, central location puts universities, shops, dining, and public transportation just a short distance away
Outgoings:
Strata levies: $3,106p/q
Council rates: $255 p/q
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Property Details for 2104/185 Broadway, Ultimo

2104/185 Broadway, Ultimo is a 1 bedroom, 1 bathroom Apartment. The property has a land size of 26m2 and floor size of 26m2. The place is currently for sale with Kho & Lee Property Group.

Building Type
Apartment
Floor Size
26m2
Land Size
26m2

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About Ultimo 2007

The size of Ultimo is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.1% of total area. The population of Ultimo in 2011 was 7,111 people. By 2016 the population was 8,837 showing a population growth of 24.3% in the area during that time. The predominant age group in Ultimo is 20-29 years. Households in Ultimo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation. In 2011, 29.6% of the homes in Ultimo were owner-occupied compared with 25% in 2016.

Ultimo has 6,501 properties. Over the last 5 years, Houses in Ultimo have seen a 43.85% increase in median value, while Units have seen a 14.54% increase. As at 31 October 2024:

  • The median value for Houses in Ultimo is $1,798,734 while the median value for Units is $794,188.
  • Houses have a median rent of $855 while Units have a median rent of $740.
There are currently 35 properties listed for sale, and 59 properties listed for rent in Ultimo on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Ultimo.

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Chris Lee
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Sarah Li
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Kho & Lee Property Group
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