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Overview
This landmark mixed-use Federation-style property is a rare find in Randwick North, presenting a significant opportunity for investors, owner-occupiers or entrepreneurs seeking both income and future versatility. Occupying a sunny, dual-access corner block with a 10-metre frontage and set on a 360sqm parcel under R3 Medium Density zoning, the property offers three independent premises on a single title, enhancing flexibility in usage and development potential.
The building's distinctive architecture features a symmetrical Free Classical facade with ornamental parapets, making an impressive street presence that reflects its significant scale and character. Internally, the premises have been thoughtfully renovated to blend contemporary functionality with stylish finishes such as Kauri floorboards and marble fireplaces, achieving an appealing balance between period charm and modern living or working conditions.
- Three discrete properties share lock-up garages accessible from Pine Street and Hooper Lane, providing secure parking and ease of access.
- One unit (18A) is a bright two-bedroom apartment with its own entry currently free of lease, featuring upgraded kitchen and bathroom facilities along with reverse-cycle air conditioning, ideal for immediate occupation or tenant relocation.
- A commercial shopfront/design studio (18B) offers a high-spec space suitable for creative or retail uses, complete with a garage.
- An adjoining designer showroom with a large private courtyard sits within the complex, offering the possibility to reconfigure into an additional two-bedroom apartment, expanding living options or rental yield.
The property's favorable location between Charing Cross and Frenchmans Road villages provides convenient access to local amenities and lifestyle options, while being a short walk (400m) to St Catherine's School and just 50m from Queens Park adds recreational advantage. This setup lends itself naturally to live/work arrangements, multi-generational living, or a mixed-use investment portfolio, supporting diverse contemporary needs while allowing potential growth and conversion in line with market demands or personal aspirations.
In conclusion, 18 Carrington Road offers a remarkable combination of heritage appeal, multifunctional design, and strategic positioning within a vibrant community. The holding can generate immediate income through established tenancies, while its versatility and zoning promise longevity and evolution over time, making it a distinguished asset in Randwick’s property market.
Local Market Insights
In Randwick, Quiet Listings observed 9 new houses entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $4,572,222. The property type mix of listed properties is predominantly Apartments at 56%, followed by houses (23%), and units (10%). The most active agency for houses in the Randwick area is currently Ray White, representing 67% of new listings, followed by Richardson & Wrench with 11%. 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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