Insights

Seven checks for a current three-bedroom penthouse search

A current search framework replacing the obsolete November 2021 fixed-price shortlist.

Published 2 December 2021

Updated September 2026. The original November 2021 fixed-price shortlist is obsolete. Use current listings and transactions for any search.

A better penthouse search framework

  1. Start with total quantum and current matched transactions, not an old PSF ceiling.
  2. Separate internal liveable area from roof terrace, void and other strata space.
  3. Review whether outdoor space is usable, sheltered, private and maintainable.
  4. Check lift access, stairs, heat, waterproofing and renovation implications.
  5. Compare effective value using weighted space rather than headline strata PSF alone.
  6. Verify current availability, tenure, condition and project exit audience.
  7. Inspect the exact unit and legal strata records before committing.

For valuation analysis, non-liveable roof-terrace space should not automatically be valued at the same PSF as internal area. The appropriate adjustment remains property-specific.