C50/240-250 Wyndham Street, Alexandria NSW 2015

2 parking vs typical 1 | Alexandria apartment block | near commercial leasing | school catchment | auction guide ~$1.1m+ This unit presents a configuration advantage in a dense apartment market through its dual parking spaces, a tangible scarcity that permanently expands its tenant and buyer pool to dual-income professionals or small families. Its position within a mixed-use block adjacent to active commercial leasing signals a location with inherent economic activity and convenience, while the absence of environmental overlays and presence of modern connectivity provide a stable, low-hassle ownership baseline. The property best serves an owner-occupier seeking lock-and-leave convenience with a strong resale differentiator, or an investor targeting the reliable rental demand for well-appointed two-bedroom units in this established inner-city precinct. The primary risk is the strata-titled structure, which costs the buyer control over significant capital expenditures and subjects financial returns to the collective decisions of the body corporate. The proximity to commercial tenancies, while a demand signal, also introduces potential for noise or aesthetic trade-offs not found in purely residential blocks. The commercial logic here is to acquire the parking premium and hold the property for a medium-term cycle, leveraging Alexandria’s consistent appeal; this is not a speculative land play but a claim on efficient inner-city living. The judgment is to proceed strictly at or below a price that reflects the recent sales of comparable units with only one car space, paying only a measurable premium for the second. Recent sales of comparable two-bedroom units in the immediate vicinity provide a clear benchmark: – 3/36-50 Wyndham St, 2 bed, 2 bath, 1 car space, sold for $1,200,000 in November 2025. – A similar unit at 3/36-50 Wyndham St, 2 bed, 2 bath, 1 car space, sold for $1,140,000 in January 2026. – A nearby two-bedroom, two-bathroom unit with one car space sold for $1,185,000 in September 2025. These comparables, all transacting between $1.14m and $1.2m, establish a firm value corridor for a standard two-bedroom unit with single parking. Your target property, with its second car space, should command a justifiable premium above this range, but any price significantly exceeding the top end must be scrutinized against the tangible benefit that additional space provides in this specific location.