Spacious 76sqm East Facing Apartment with Large Study

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206/62 Mountain Street, Ultimo NSW 2007

Guide $640,000

Search Band Search Visibility Band

$600k - $650k High Confidence Calculated based on strong search observations.

Apartment 1 Bed 1 Bath 76 m² 76 m²

Listed: 5 days ago

Updated: 14 hours ago

Overview

Set within the highly regarded Quadrant complex in the heart of Ultimo, this spacious 76sqm apartment artfully balances comfort and functionality, making it a compelling choice for owner-occupiers and investors alike. The thoughtfully designed floorplan offers versatility, notably featuring a large study area that caters perfectly to the demands of remote working or study, enhancing lifestyle convenience.

Natural light floods the open-plan living and dining spaces, which seamlessly flow onto a generous east-facing balcony that captures the warm morning sun—ideal for breakfast or coffee while enjoying a peaceful outlook. The integration of indoor and outdoor living encourages relaxation and entertaining, enriching daily living experiences.

Residents benefit from premium onsite amenities including a resort-style rooftop swimming pool and a fully equipped gymnasium, offering a wellness-focused lifestyle without leaving the complex. The vibrant communal courtyard, complete with a central fountain and diverse dining options, fosters a pleasant community atmosphere.

Location is a standout advantage, with the property situated just moments from Broadway Shopping Centre, University of Technology Sydney, and Sydney University. Proximity to cafes, restaurants, and excellent public transport links, including Central Station and the Sydney CBD, enhances convenience and connectivity.

The apartment is currently leased, delivering a solid rental return of $700 per week, appealing to investors seeking immediate income.
Quarterly outgoings include water rates of approximately $226, council rates around $336, and strata fees of $1,637, reflecting the quality communal facilities and maintenance.

This residence offers a rare blend of space, amenity, and location, well-suited to professionals, couples, or investors prioritising lifestyle and return within an established precinct.

Local Market Insights

In Ultimo, Quiet Listings observed 11 new apartments entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $891,636. The property type mix of listed properties is predominantly Apartments at 69%, followed by units (13%), and houses (13%). The most active agency for apartments in the Ultimo area is currently Kho & Lee Property Group, representing 36% of new listings, followed by Ray White with 27%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.