FOR SALE
$160,000

3104/185 Broadway
Ultimo NSW 2007

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 26m2
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Turnkey Investment Opportunity in the Heart of Ultimo with High Rental Yield

This charming apartment in the heart of Ultimo presents an outstanding opportunity for savvy investors seeking high rental returns and minimal upkeep. With its unique design and highly sought-after location, this property appeals to a broad range of tenants, ensuring strong demand year-round. The apartment's fully furnished layout, combined with thoughtful amenities and modern conveniences, makes it an attractive choice for students and professionals alike, while delivering reliable and consistent income for the owner.
- Loft style bedroom maximizes space and privacy while generating $450pw
- Fully equipped with furniture, ready to be rented out upon sale
- Coin operated laundry facilities on each floor and communal kitchen
- On-site building management and round-the-clock security services
This expansive loft, ideally situated in the city's core across from Broadway Shopping Centre, is perfect for investors and students alike. It offers easy access to prominent educational institutions including UTS, Sydney University, Notre Dame University, and TAFE, ensuring unparalleled convenience and connectivity.
Outgoings
Strata: $3,106 p/q approx
Water: $178 p/q approx
Council: $266 p/q approx

Property Details for 3104/185 Broadway, Ultimo

3104/185 Broadway, Ultimo is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 26m2. The place is currently for sale with Kho & Lee Property Group.

Building Type
Apartment
Floor 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 6,503 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 61 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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Helene Ly
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