2/9 The Avenue, Randwick NSW 2031

prime location | aging strata | development shadow | tight yield | auction risk The property offers a strong location near schools and transport, but the approved development next door introduces uncertainty around construction noise and potential changes to views and privacy. This risk may compress future capital growth and rental returns, making the current yield of roughly 3.75% seem thin for the holding period ahead. The unit itself is well-connected and functional, but the buyer should approach this as a medium-term hold rather than a quick flip or high-yield investment. What sets this apartment apart is its sunlit layout, 85m² internal size, and proximity to Randwick Public School, which gives it durable appeal for owner-occupiers or families. The reliable internet and 5G coverage support modern living needs. However, it serves best a buyer planning to live in it for several years, not someone seeking immediate rental yield or short-term gain. The next step is to review the development plans and strata minutes carefully before auction day.