OFF MARKET

104/507 Wattle Street
Ultimo NSW 2007

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
Land area: 1538m2
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Property Details for 104/507 Wattle St, Ultimo

104/507 Wattle St, Ultimo is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 2011. The property has a land size of 1538m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
House
Year Built
2011
Floor Size
94m2
Land Size
1538m2
Local Government
Sydney
Lot/Plan
4/SP83222

Last Listing description (August 2022)

EOI WILL CLOSE ON 16 JULY 2022 AT 5PM

This 145m on title SOHO design apartment enables work-from-home opportunities, with separate access available between the downstairs office/studio, and self-contained upstairs living area.

Strategically located within several residential high rises and benefits from high foot traffic being situated across the street from the University of Technology Sydney.

The choice is yours, live upstairs and work downstairs, OR live in one whilst renting the other, OR use both upstairs and downstairs as a complete residence.

Highlights:

- Potential tenant is ready to pay $850 weekly
- 145m on title including approx. 110m plus external & open storage
- Potentially the only SOHO apartment currently available in Ultimo/Chippendale
- DA/CC Approval for additional shower on ground floor
- Great exposure to Wattle & Thomas Street
- Moments to UTS, Broadway & walking distance to Central
- Secure parking available & lift access
- OMU flagship restaurant just opened within the building complex

An ideal position for the following businesses:
*** Clinics & Skin Care
*** Office & Education
*** Nail & Beauty
*** Hairdressing
*** Retail / Convenience Store
*** Cafe / Coffee Shop

* Disclaimer: All information including photos contained herein is gathered from sources we consider to be reliable, however, we cannot guarantee or give any warranty to the information provided. Any interested persons are advised to make their own enquiries and satisfy themselves in all respects.

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Property History for 104/507 Wattle St, Ultimo, NSW 2007

A timeline of how this property has performed in the market
Last Sold
$960,000
21 Jul 2022
  • 21 Jul 2022
    Sold for $960,000
  • 22 Jun 2022
    Listed for Sale Under Contract
  • 01 Jun 2011
    Sold for $650,000
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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 6,490 properties. Over the last 5 years, Houses in Ultimo have seen a 42.19% increase in median value, while Units have seen a 6.20% increase. As at 30 September 2024:

  • The median value for Houses in Ultimo is $1,922,633 while the median value for Units is $736,102.
  • Houses have a median rent of $868 while Units have a median rent of $730.
There are currently 37 properties listed for sale, and 45 properties listed for rent in Ultimo on OnTheHouse. According to CoreLogic's data, 211 properties were sold in the past 12 months in Ultimo.

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