601/20 Brodie Spark Drive, Wolli Creek

Sold 18 June 2024 for $705,000

This stylish looking north-facing one-bedroom apartment has nice views of the Sydney skyline and Cooks River.

Ideal for households with incomes from $135,000 to $180,000.

The sales agent has not listed a guide, but made the listing visible for searches above $700,000, so I expect that to be the lower end of the price guide.

Last sold July 2021 for $625,000 and the valuation model suggests $650,000, with a maximum of $704,000.

Please note: One bank will not lend against this property at all. If you want help navigating finances surrounding this purchase, contact me through my website.

At $700,000, a 20% deposit (at least $175,000 including stamp duty) could be affordable for those with household income of at least $160,000, probably down to $135,000 if it’s an investment.

If you have a 5% deposit (at least $70,000 including stamp duty), this unit could be attainable with household income of at least $180,000, probably down to $160,000 if it’s an investment.

Of course, these estimates are subject to so many things, which you can read about in my disclaimer.

What I love about Wolli Creek

Convenient public transport with easy access to train stations and buses
Proximity to shops, restaurants, and cafes for a vibrant lifestyle
Scenic parks and riverside walks, ideal for outdoor activities
Close to Sydney Airport, making it perfect for frequent travelers

Here's what the apartment offers

Spacious one bedroom with ample natural light
One modern bathroom
Open-plan living and dining area
Contemporary kitchen with quality appliances
Private balcony with city and river views
Secure parking space
NBN Fibre to the Premises (FTTP) available

Keep in mind ongoing costs:

Strata levies: $1,701 per quarter

Council rates: $374 per quarter

Water rates: $300 per quarter

Rental potential: No valuation data available but I assumed $700 per week in my calculations. Vacancy rates and property management fees should be considered when evaluating potential investment income.

If you like it

Good luck with the inspection, this Saturday at 11.30am. Visit my website if you would like me to arrange your finance.