Terrace 2/16 Botany Street Randwick NSW 2031
Terrace 2/16 Botany Street Randwick NSW 2031
Newly listed terrace |Est. $2.3-2.6M value |3 bed 2 bath +2 park |Royale Randwick prestige|This three-bedroom terrace with two bathrooms and two parking spaces within the Royale Randwick development suits downsizers or professionals seeking low-maintenance luxury near urban amenities. As part of a boutique architectural project by Studio Johnston, it delivers modern townhouse living tailored for effortless daily use, with luminous spaces and indoor-outdoor flow that maximises usability without excess upkeep. Positioned in a tightly held street of mixed housing, it stands out among older terraces due to its recent completion and curated finishes, appealing to buyers who prioritise quality over expansive land. In Randwick’s competitive terrace market, similar premium three-bedroom offerings have seen steady demand from young families and executives drawn to the suburb’s school proximity and transport links. This property’s double parking adds rare practicality in a parking-constrained area, enhancing its rental yield potential or family appeal. Its positioning within a newly established enclave like Royale Randwick supports resilient holding value, as buyers value the architectural edge over dated stock nearby. Local sales data for comparable modern terraces indicate solid appreciation, driven by limited supply of turnkey options under $3 million. Long-term, the development’s prestige and street-level discretion position it well for enduring buyer interest amid Randwick’s ongoing densification. While land size details are unavailable, the focus on liveable design underscores its fit for extended ownership.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Randwick is a major eastern suburbs hub with strong demand driven by proximity to UNSW, hospitals and the CBD. The market is diverse, including houses, apartments and student accommodation. Investor and owner-occupier demand coexist, creating depth. Supply is constrained for houses but more elastic in units. Price growth is strong overall, with houses outperforming apartments.