1/9 Roscoe Street, Bondi Beach NSW 2026

3 bed unit in boutique block | Bondi Beach walkable | approved DA for pool & roof terrace | last traded 1995 The buying case here is built on scarcity and latent value. This is a three-bedroom flat in a small strata block at Bondi Beach, with an approved development application for substantial additions including a swimming pool, roof terrace, and first-floor extension. For a buyer willing to manage a renovation, the approved works represent a rare opportunity to create a property with significantly enhanced amenity and value in a tightly held coastal suburb. The unit last changed hands in 1995, meaning the current owner likely holds a very low cost base, which may translate to realistic price expectations relative to the building’s recent comparable sale at $1.8 million. The property suits an owner-occupier seeking to build long-term equity through a value-add project, rather than a passive investor. The primary risk is execution: the approved DA is from 2020 and may require renewal, and substantial demolition and construction in a strata setting introduces complexity and cost overrun potential. The buyer must also accept that the unit is not income-ready during works, and the rental yield on the current configuration is modest for the price point. However, the opportunity cost of inaction is higher,Bondi Beach units with development potential and three bedrooms are rare. The commercial logic is to acquire, execute the approved works, and hold for capital growth in a suburb where supply constraints are structural. Use this property as a long-term hold with a renovation unlock.