218 Alison Road, Randwick NSW 2031
218 Alison Road, Randwick NSW 2031
4-bed terrace | 290 m² land | Randwick school/hospital belt | Character stock, scarce format
This is a genuinely uncommon configuration for Randwick’s Alison Road corridor, where apartment blocks and strata product dominate the immediate streetscape. A four-bedroom terrace on a 290 m² site offers house-like utility, private outdoor space, and a land component that most nearby units simply cannot match. The location sits within a well-established residential pocket with strong schooling, hospital, university, and beach access, which makes it particularly suited to families or owner-occupiers seeking long-term tenure in the eastern suburbs. The terrace format also tends to hold value better than equivalent apartment stock in softer markets, given its scarcity and the premium placed on period character in this part of Randwick.
The property’s value may be shaped by its internal condition and any renovation history, which are not immediately verifiable from public records. Terrace layouts can vary significantly in natural light, room proportions, and flow, so the actual floorplan will likely influence how it compares to renovated alternatives nearby. Parking is unconfirmed, which could matter in a suburb where off-street parking is often expected. The site’s flood exposure should also be checked, as some Alison Road addresses carry overlays, though this is not confirmed for this specific house. These factors may affect buyer competition and final price, but they do not diminish the fundamental strength of the location and format.
Detailed Independent Property Report prepared by PropCred Analyst team for 218 Alison Road, Randwick NSW 2031
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Randwick remains a tightly held coastal suburb, with median house prices between $3.61m and $3.75m and units from $1.256m to $1.4m. Its proximity to beaches and parks drives steady buyer interest, but houses show uneven annual growth of 2.49% to 6.2%, while units rise more consistently at 5.5% to 6.7%. Units also turn over faster—38 days versus 48 days—reflecting stronger demand in that segment, particularly from investors drawn to gross yields near 3.7% against 2.03% for houses. Weekly house rents range from $950 to $1,500; units, $850 to $875. With only 155 detached sales over the past year and mortgage ownership at 48% of properties, the market is sensitive to interest rate moves. Early 2026 data indicate prices sit below long-term trend, suggesting a degree of undervaluation but also cyclical caution.
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PropCred Estimated Value
Comparable Sales: Similar terraces in Randwick have recently sold between $2.1M–$2.4M | Property Price Band: $2.1M–$2.2M | Value Drivers: land size, period character, four-bedroom layout, school catchment position
Bedrooms
4
Bathroom
2
Parking
-
Land
290m²
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