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
$1,500,000
Last sold
30 May 2026
2
Bedrooms
2
Bathrooms
0
Car spaces
111 m²
Land
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
$1,500,000
30 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Ultimo (last 5 years) with land size have a median of $19,524/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
-4.2%
Median sale
Suburb $1,565,000
+0.09 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
UnknownNSW 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.
Area
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 Surry HillsEnjoy the best of both worlds in this renovated sandstone cottage at the heart of Sydney's bustling, cosmopolitan Inner City. Set on a corner block opposite Mary Ann Street Park, this picturesque heritage home is a sanctuary of quiet charm with exceptional lifestyle convenience. Just around the corner from buses, convenience stores, cafes, a world of dining options, TAFE NSW and UTS campuses, it's a few minutes walk to the new Paddy's Market, Darling Square eat streets, light rail, Haymarket shops and supermarket and Broadway shopping centre and 10 mins to Central station. The two-storey floorplan provides two double bedrooms with ensuite bathrooms, generous open living/dining with stone gas kitchen and a private, leafy rear courtyard garden. Imbued with classic charm, this freshly-painted historic gem features original fireplaces, tall sash windows, high ceilings and timber floors creating a sense of space and light. A lifestyle choice or investment opportunity in this high demand, high walkability location, close to Darling Harbour, Chinatown, Broadway shopping centre, universities, entertainment venues and transport and just 2km to the City.
- Classic heritage sandstone cottage on 111sqm
- Sympathetically renovated and freshly painted
- Double lounge/dining with two feature fireplaces
- Modern granite gas kitchen, adjacent laundry
- Secluded leafy paved entertaining courtyard
- Bedrooms with carpet & ensuite bathrooms
- Upper level with raked ceiling, dormer windows
- Sundrenched North-facing paved front veranda
- Opposite leafy park with pergola-covered seats
- Set in a local Heritage and Conservation Area
- Vibrant evolving precinct of history & new builds
- A stone's throw to imposing TAFE NSW campus
- Moments walk to landmark new UTS buildings
- Bus to Central at door, 400m to light rail station
- 400m to Paddy's Market shopping & light rail
- Goods Line elevated walk & cycle paths nearby
- 500m to Darling Square's vibrant eat streets
- 10 minutes walk to Broadway Shopping centre
- Less than 1km walk to Darling Harbour and ICC
- Convenient to Sydney & Notredame universities
- Stroll through Wentworth Park to Fish Market
- Easy access to Town Hall retail and the City
- Rates: Water $230pq, Council $420pq (All approx.)
Contact Ercan Ersan 0423 941 112
Shaun Stoker 0424 172 217
Our recommended loan broker: Tommy Nguyen (http://broker.loanmarket.com.au/erskineville)
Listing description written by Ercan Ersan, Ray White Surry Hills — reproduced as published, not verified by Districts.