703/5 Brodie Spark Drive, Wolli Creek
SydNest Score: 3.6/5
Location 5 | Price 2 | Condition 3 | Amenities 4 | Neighbourhood 3
This large apartment offers modern living with three bedrooms, two bathrooms, and city views, perfect for families or investors.
Ideal for households with incomes from $185,000 to $260,000
The sales agent has been transparent and listed it with a guide of $1.25 - $1.35 million.
Last sold 2014 (the primary sale, so it has only had one owner) for $700,000 and the valuation model suggests $995,000, with a maximum of $1.06 million. In my opinion, the vendor would be getting a 6% average price increase if it were sold at $1.25 million. This is above average for the area, so I wouldn’t be surprised if the price guide were revised lower.
Please note: One bank will only lend up to 80%, with a full valuation. If you want help navigating finances surrounding this purchase, contact me through my website.
At $1.25 million, a 20% deposit (at least $312,500 including stamp duty) could be affordable for those with household income of at least $220,000, probably down to $185,000 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 $260,000, probably down to $230,000 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
Three bedrooms with built-in wardrobes
Two modern bathrooms
Open-plan living and dining area
Covered balcony with city views
Secure undercover double car space and storage cage
Contemporary kitchen with stainless steel European appliances
Reconstituted stone benchtops
Air conditioning
Broadband and NBN Fibre to the Premises (FTTP)
Access to an in-ground pool
Intercom and secure parking
Keep in mind ongoing costs:
Strata levies: $1,900 per quarter
Council rates: $377 per quarter
Water rates: $300 per quarter
Rental potential: No valuation data available but I assumed $1,000 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 10.30am. Visit my website if you would like me to arrange your finance.