57/244-254 Alison Road, Randwick NSW 2031

Top-floor ocean views | Heated pool and sauna | Two-bedroom unit in Randwick | Sold mid-2023 now re-listed The property’s primary advantage is its position as a top-floor apartment with uninterrupted ocean views, which is genuinely rare in Randwick and commands a premium in resale. The designer kitchen and access to a heated pool and sauna add lifestyle appeal that targets downsizers or professionals seeking a lock-and-leave with resort amenities. For a buyer, the recent July 2023 sale at $1.17 million provides a transparent price floor, meaning the current estimated value around $1.16 million suggests limited immediate upside but also reduces overpay risk if negotiated well. This unit suits someone who values views and amenity over capital growth potential. The main risk is the flat valuation trajectory since mid-2023, indicating the market has not moved upward for this property type in this location, so a buyer should expect neutral to modest returns in the short term. The 101m² lot is small, limiting future subdivision or extension options, and strata fees for pool and sauna maintenance will be higher than average. The opportunity lies in negotiating below the estimated value, as the re-listing may signal seller urgency. Hold this property as a lifestyle investment with steady rental demand, not for speculative gain.