1514/20 Pelican Street, Surry Hills NSW 2010

Top-floor split-level penthouse | The Monument building | City and harbour views | 3 bedrooms, 2 car spaces | Crown Street and Hyde Park proximity This penthouse occupies a rare top-floor, split-level configuration within Wood Marsh’s Monument, a building that commands premium positioning in Surry Hills. The dual car spaces and resort amenities—concierge, heated pool, gym—elevate this beyond standard apartment stock, making it a strong option for an owner-occupier seeking a lock-and-leave residence with genuine prestige, or a buyer targeting the upper end of the inner-city market. Its location near Hyde Park, Oxford Street, and Crown Street dining reinforces its lifestyle appeal and supports sustained demand from professionals and downsizers. The primary risk is the valuation spread, with estimates clustering between $2.25M and $2.70M, indicating a market that may be sensitive to exact positioning and floor level. The heritage overlay on the lot may impose future restrictions on building modifications, though for a penthouse in a completed tower this is typically a minor concern. For a buyer, this property offers a defensible hold in a tightly held suburb. Use it as a primary residence to capture the lifestyle advantage, or hold as a premium inner-city base with strong resale potential.