40/27-41 Wyndham Street, Alexandria NSW 2015

2-bed 2-bath + parking | rear green outlook | stable established complex | long-term resident base This unit presents a competitively strong proposition within its complex, primarily due to its full 2-bedroom, 2-bathroom configuration with dedicated parking-a combination that recent sales confirm commands a premium. The rear-facing aspect ensures quiet living with a green outlook, a notable advantage in an inner-city location. The remarkably stable tenure profile, with over half the residents occupying for a decade or more, signals a well-managed and desirable building. This property best serves a buyer seeking a low-turnover, established community, appealing equally to an owner-occupier valuing amenity and an investor attracted by proven rental demand and capital growth. The primary decision rests on valuing the parking inclusion against the premium it likely carries; the comparable sale of a similar unit without parking at $960,000 establishes a clear value anchor. You are paying for the scarcity of a complete package in this building. Acquire this for long-term holding to benefit from both rental yield and the incremental value growth demonstrated by the complex’s sales history. Its established character limits speculative upside but provides defensive stability in market shifts. Recent sales within the building provide a clear benchmark: – Unit 4 (2 bed, 2 bath, no parking): $960,000 – Unit 15 (1 bed, 1 bath, parking): $780,000 – Unit 23 (1 bed, 1 bath, parking): $765,000 – Unit 56 (1 bed, 1 bath, parking): $712,500 This data directly supports a value for Unit 40 comfortably above $960,000, with its parking space and similar layout creating a tangible price floor. The growth rates of the one-bedroom units, while modest, further indicate the building’s resilience.