501/2 Shirley Street, Alexandria NSW 2015

Sub-penthouse split-level | Roof terrace with plunge pool | Rare 221sqm floorplan | High owner-occupier building The property’s competitive strength lies in its scarcity as a sub-penthouse with a private roof terrace and plunge pool, features that are almost impossible to replicate in new Sydney builds at this price point. The 221sqm split-level layout, designed by SJB Architecture, gives it a house-like footprint in a boutique complex where 85% of residents are owner-occupiers, meaning the building is likely well-maintained and quiet. This unit best suits a buyer who values space, privacy, and entertaining capacity over a traditional house, and who sees the roof terrace as a genuine extension of living area rather than a novelty. The main risk is the flood overlay detected on the property, which may affect insurance premiums and could be flagged by lenders during due diligence. The 59% auction clearance rate in the area suggests a softer market, so the buyer should factor in holding costs if resale timing becomes necessary. However, the 2021 build date and FTTP connectivity reduce immediate capital expenditure risk. The opportunity is to negotiate below the auction price band given current clearance trends, then hold for medium-term capital growth as Alexandria’s renewal precinct matures. Use the roof terrace and split-level design as your primary differentiator when reselling.