305/2 Albert Street, Randwick NSW 2031
305/2 Albert Street, Randwick NSW 2031
3-bed apartment with ocean outlook | lift, parking, storage | premium Randwick configuration | suits families and investors | strata costs need scrutiny
This unit holds a genuine edge in Randwick’s apartment market. Three-bedroom, two-bathroom stock with a dedicated car space and storage is uncommon here, where the bulk of supply is two-bedroom walk-ups. The ocean outlook from the main bedroom and the large entertaining terrace lift it well above typical strata product, while lift access, intercom, and a garden atrium add a level of comfort that appeals strongly to downsizers and professional couples. Proximity to the hospital, university, and light rail anchors steady demand from medical staff and academics, making it a practical choice for owner-occupiers who also value rental resilience.
Strata levies around $2,500 per quarter are a material ongoing cost and should be weighed against the convenience of a managed building. The gas kitchen and integrated laundry are practical, though the overall finish appears mid-2000s standard rather than luxury—so presentation may influence how quickly it sells. The rental appraisal of $1,500 weekly suggests solid income potential, but the final price will hinge on how buyers compare this against newer or larger options nearby. Given the scarce configuration and location, competition among families seeking low-maintenance living could support a strong result, yet the lack of a clear floor level or exact aspect means the view’s quality should be confirmed in person.
|| Comparable Sales: 37 Coogee Street sold $6.0M (house benchmark only) | Property Price Band: $1.6M–$1.7M | Value Drivers: ocean outlook, three-bed layout, parking and storage, building condition
Detailed Independent Property Report prepared by PropCred Analyst team for 305/2 Albert Street, Randwick NSW 2031
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Randwick presents a premium coastal lifestyle, attracting buyers seeking a balance of beaches, parks, and urban amenities. This appeal drives consistent demand, particularly for units, which demonstrate higher turnover than houses. Recent price growth is evident across both property types, though the market currently sits below its long-term trend, indicating potential for future appreciation. Key considerations include high entry prices and sensitivity to broader economic cycles.
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PropCred Estimated Value
Comparable Sales: 37 Coogee Street sold $6.0M (house benchmark only) | Property Price Band: $1.6M–$1.7M | Value Drivers: ocean outlook, three-bed layout, parking and storage, building condition
Bedrooms
3
Bathroom
2
Parking
1
Land
1664m²
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