11A Dudley Street, Randwick NSW 2031

High yield | zoning upside | tenanted cashflow | Art Deco scarcity | parking limitation The nine-unit block presents an opaque structure. Conflicting bedroom counts across sources suggest subdivision risk or inconsistent listing data, which directly impacts borrowing capacity and yield calculations. The R3 Medium Density zoning offers future redevelopment optionality, but with no disclosed floor plans, rental schedule, or recent transaction history, a buyer cannot price the property with confidence. Without these fundamentals, this is a hold-and-inspect-before-offer proposition, not a sight-unseen acquisition. What makes this competitively rare is the Art Deco character combined with super-high bedroom count per square metre—24 bedrooms on 714sqm. This density is unusual for Randwick and suits an investor targeting student or sharer accommodation yields. The tenanted status provides immediate cashflow, but the single car space for nine units will deter owner-occupiers and cap capital growth relative to comparable blocks. This property best serves an experienced investor with cash reserves, not a first-time buyer. The lack of comparable sales data in your brief prevents benchmarking, but a 24-bedroom block in Coogee school catchment with medium-density zoning typically trades at a yield premium above 4%. Verify the tenancy schedule and floor plans before preparing an offer—these documents will confirm whether the listing inconsistencies are data errors or structural issues.