7/34 Avoca Street, Randwick NSW 2031

Ground-floor terrace | North-facing private courtyard | Secure parking & storage | Planned redevelopment next door This unit offers a rare combination of private outdoor space and secure parking in a sought-after Randwick pocket, making it a strong option for owner-occupiers or investors targeting stable rental demand near UNSW and Prince of Wales Hospital. The north-facing terrace and courtyard add genuine lifestyle appeal that most apartments lack, while the internal laundry and contemporary finishes reduce the need for immediate upgrades. The property is best suited to professionals or downsizers wanting low-maintenance living with walkability to shops, parks, and transport. The primary risk is the approved redevelopment of the broader site into a six-to-seven-storey building with 37 apartments, which will introduce construction noise, reduced privacy, and potential oversupply in the immediate area. This development may also pressure future capital growth relative to quieter streets. Flood overlay is noted but unlikely to be a material issue for a ground-floor unit. The rental yield of 4.2% is reasonable for the suburb, and the property can be held as a long-term investment or lived in while the area densifies. Buyers should factor in a longer hold period to ride out the construction phase.