$169,900

This 1-bedroom, 1-bathroom apartment in Ultimo presents a highly unusual and potentially attractive investment opportunity due to its exceptionally low price point of $169,900. Compared to the broader Ultimo market, which features an average price of $957,938 and a median of $1,150,000 for apartments, this property stands out as significantly below market value, earning a high Undervalued Score. This is likely a student accommodation or a very compact studio, as indicated by comparable properties in the $159,500 - $199,000 range. The market position is unique; it's not competing with typical 1-2 bedroom apartments but rather with niche, budget-friendly options. My estimated weekly rental income is $380, derived from comparable property #4 ($195,000, est. rent $350/wk) and adjusting upwards for current strong rental market conditions in Sydney and Ultimo's high demand from students and young professionals. Given the property's price, this translates to an impressive estimated gross annual rental yield of 11.65%, making its Rental Yield Score very high. Investment strengths include the extremely low entry price, excellent rental yield potential, and location in a high-demand inner-city suburb with strong educational institutions nearby. Potential risks include the possibility of lease restrictions (e.g., student-only accommodation), smaller than average size, and potential challenges in securing finance due to the property type or size. The Flip Potential Score is moderate; while the low entry price offers a good base, the specific nature of such properties (likely compact, possibly older) might limit significant capital appreciation without substantial renovation, and the buyer pool for resale might be narrower. My confidence in the rental estimate is moderate-high, as it's anchored by a direct comparable, but the exact condition and specific building rules of this unit could influence the final achievable rent. This property is recommended for investors seeking high cash flow and a low entry point, particularly those comfortable with niche market segments, provided due diligence confirms no restrictive covenants and financing is secured.