1514/20 Pelican Street, Surry Hills NSW 2010

1514/20 Pelican Street, Surry Hills NSW 2010
split-level penthouse | two-car parking rare | city and harbour views | concierge building with pool | top-floor position The competitive strength of this property is seen in its split-level configuration and top-floor position within a well-regarded building. Rare two-car parking and a large internal floor area are offered by this property for Surry Hills, paired with modern industrial finishes and broad harbour-city outlooks. This property is best suited to owner-occupiers seeking a city lifestyle without compromising on space or amenity, particularly downsizers or professionals who value concierge service and proximity to the CBD and Hyde Park. Its size and specification are understood to place it in the upper tier of the suburb’s apartment stock. The property’s value may be influenced by building prestige and layout rarity in the local market. A niche buyer pool might be attracted by the two-car parking and top-floor aspect. The eventual sale price could be shaped by market conditions for large inner-city apartments. These factors should be weighed by a buyer when forming a view on value.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1514/20 Pelican Street, Surry Hills NSW 2010
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✓
Execution Risk ✓
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Market Insight

Surry Hills is a premium inner-city suburb where a distinct two-tier market exists. Established families and high-income earners are driving exceptional demand for scarce houses, creating a robust and appreciating market. In contrast, the apartment segment, favoured by young professionals and investors, is experiencing softer conditions. Future growth is anchored in the suburb’s enduring appeal and constrained supply of houses, though the unit market’s recent performance presents a notable risk.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

178m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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