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Overview
Set within a rare parkside location directly opposite the expansive Centennial Park, this substantial Federation estate on approximately 760sqm offers remarkable versatility and potential for a variety of buyers. The property, held by a single family for over 50 years, features a licensed boarding house with nine self-contained loft-style studios alongside a three-bedroom residence and a dedicated on-site management office, presenting a robust income stream from day one.
The estate's period architecture is highlighted by exquisite detailing such as soaring ornate ceilings, preserved marble fireplaces and original timber floorboards, enhancing its historical significance and charm. Common areas including a front reception space and leadlight windows add to its character and welcoming atmosphere.
Parking convenience is assured with side driveway access to two off-street spaces, a valuable asset in this sought-after suburb. The property's outstanding flexibility makes it equally appealing to investors looking to optimise rental returns, developers eyeing a prestigious redevelopment (subject to council approval), or owner-occupiers wishing to create a grand family residence in a landmark setting.
Its strategic location places residents within easy walking distance to light rail services, express city buses, Randwick TAFE, and local cafes, while also being moments away from highly regarded schools, Prince of Wales Hospital, UNSW, Westfield's retail and dining precinct, The Spot, and Sydney's iconic eastern beaches. The combination of lifestyle convenience and significant landholding potential positions this home as a truly exceptional opportunity.
Local Market Insights
In Randwick, Quiet Listings observed 11 new houses entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $4,490,909. The property type mix of listed properties is predominantly Apartments at 54%, followed by houses (27%), and units (10%). The most active agency for houses in the Randwick area is currently Ray White, representing 64% of new listings, followed by Richardson & Wrench with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Randwick NSW 2031
Market Insights for Randwick NSW 2031
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