Ultimo at a glance
10,534
People
$1,565,000
Median sale
$600/wk
Median rent
1.99%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
NSW › Ultimo › Bulwara Rd
$1,675,000
Last sold
28 Apr 2026
2
Bedrooms
2
Bathrooms
0
Car spaces
82 m²
Land
117 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,675,000
28 Apr 2026 · derived via latest_sale
Local land rate: recorded House sales in Ultimo (last 5 years) with land size have a median of $19,011/m² of land (n=3). Districts calculation from recorded sales — not a valuation.
Ultimo at a glance
10,534
People
$1,565,000
Median sale
$600/wk
Median rent
1.99%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Vs Ultimo
+7.0%
Median sale
Suburb $1,565,000
-0.13 pp
Gross yield
Suburb 1.99%
Suburb median $1,565,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $600/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Ultimo at a glance
10,534
People
$1,565,000
Median sale
$600/wk
Median rent
1.99%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White PyrmontBuilt c1890 and reimagined for contemporary living, this former 19th century stable blends heritage foundations with bold modern design in a leafy pocket on the Ultimo and Pyrmont border opposite Fig Lane Reserve. Recreated from the ground up, the newly refreshed two-storey terrace reveals an uplifting sense of space and light with soaring 3.2m ceilings and a generous open plan living zone designed for relaxed indoor/outdoor living. The rear of the home is bathed in beautiful northern sunshine with a north-east facing courtyard creating a private urban retreat, while the front of the home enjoys a tranquil outlook over the park. Both bedrooms open to their own private decks and incorporate dedicated study areas, offering flexibility for working from home. Part of a heritage rich creative precinct on the edge of the city, the home is just 350m to the light rail, moments to Darling Harbour's vibrant dining and entertainment hub and 800m to the new world class Sydney Fish Market, with close proximity to the University of Sydney and UTS.
• Fronting a leafy child-friendly park on a one-way street
• Two large upper level bedrooms with a study and balcony
• Both with built-in robes plus plentiful built-in storage
• Contemporary stone-topped kitchen with a park outlook
• Bosch appliances, new induction cooktop, breakfast bar
• Oversized living and dining with soaring 3.2m high ceilings
• Reclaimed Oregon and sandstone finishes, designer lighting
• North-east facing entertainer's courtyard with retractable awning
• Two travertine bathrooms and a separate internal laundry
• Perfect to move straight in with a significant future upside
• Concept plans available for an attic conversion/3rd level STCA
• A high-growth urban creative hub, just over 1km to the CBD
• 250m to Ultimo Public School, 70m to KU Day Care Centre
• 400m to the Ian Thorpe Aquatic Centre, 350m to the light rail
• 500m to Darling Harbour's cultural and entertainment scene
• 600m to newly opened Sydney Fish Markets
• Parking permits available from City of Sydney - Area 20
• Rates: Water $199.00 per quarter, Council $430.00 per quarter (All approx.)
Contact Sami Yildiz on 0401 607 575 or Oktay Yildiz on 0406 988 172
In conjunction with Ray White Glebe | Matthew Carvalho 0404 006 744
Listing description written by Sami Yildiz, Ray White Pyrmont — reproduced as published, not verified by Districts.
NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.