3125/185-211 Broadway, Ultimo is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1900. The property has a land size of 6268m2 and floor size of 31m2. While the property is not currently for sale or for rent, it was last sold in August 2011.
This is an ideal opportunity for investors to secure a fully furnished and spacious 30 sqm loft-style studio apartment in Ultimo-one of Sydney's most sought-after rental locations.
Perfectly positioned directly opposite Broadway Shopping Centre and just a short walk to the University of Sydney, UTS, Ultimo TAFE, and Notre Dame, the apartment benefits from consistent, year-round rental demand. The property is already tenanted, delivering instant and reliable rental income.
Investment Breakdown:
Gross Rental Income: $500 per week, approximately $26,000 per year
Strata Fees: $3,995 per quarter, or $15,980 annually
Council Rates: Approximately $277.25 per quarter, or $1,109 annually
Water Rates: Approximately $213 per quarter, or $852 annually
Total Outgoings: Approximately $17,941 per year
Net Annual Income: $8,059
Net Return: 4% - 4.7%*
*based on $170,000 - $200,000 price guide
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 2016 was 8845 people. By 2021 the population was 7410 showing a population decline of 16.2% 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 $3000 - $3999 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation.In 2021, 24.60% of the homes in Ultimo were owner-occupied compared with 25.00% in 2016.
Ultimo has 6,558 properties. Over the last 5 years, Houses in Ultimo have seen a 10.70% increase in median value, while Units have seen a -5.81% decrease. As at 30 November 2025:
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