21/159 Princes Highway, St Peters NSW 2044

| Dual-level terrace apartment | oversized entertainer’s terrace | 2-bed 1-bath + car space | 350m to Sydney Park | St Peters station walkable | This property’s competitive strength lies in its dual-level layout and the oversized entertainer’s terrace, a rare configuration in the St Peters apartment market that effectively expands the usable living space beyond typical unit boundaries. For a buyer seeking indoor-outdoor flow without moving to a house, this floorplan offers a functional edge over standard flats, particularly for couples or small families who value private outdoor entertaining. The secure car space and lift access add practical convenience, while the proximity to Sydney Park and public transport positions the unit well for lifestyle-oriented buyers. The property serves best as a long-term home for professionals or downsizers who prioritise space and location over absolute square metre efficiency. The primary risk is the high strata levy of $2,855 per quarter, which materially reduces net yield for investors and adds a fixed cost that must be factored into holding budgets. The 2017 last sale price is not disclosed, but the building’s 2025 comparable sale at $540,000 for a smaller unit suggests capital growth has been moderate in this complex. The estimated value of $896,000 versus the $800,000 guide indicates potential negotiating room, but buyers should verify whether the terrace size is included in the 302m² lot figure to avoid overpaying for perceived space. The rental history shows a recent lease at $750pw, which at the guide price yields approximately 4.9% gross, acceptable but not exceptional. For a buyer, the opportunity is to secure a unique floorplan at a discount to estimate, then hold for lifestyle use or refinance after value-add improvements to the terrace.