2/12 Figtree Avenue, Randwick NSW 2031

Art Deco parkside apartment | boutique character | prime Randwick North location | flood overlay present This property presents a competitively rare offering as a character-filled, parkside apartment in a tightly held Randwick North pocket, a configuration that consistently attracts owner-occupiers and long-term investors seeking differentiation from standard units. Its two-bedroom layout with Art Deco charm and direct park adjacency serves a buyer prioritizing lifestyle and scarcity over pure modern amenity, positioning it for stable demand in a suburb with high rental activity. The calculated gross rental yield of approximately 3.8% aligns with solid investment fundamentals for this location. The primary decision mechanism involves the disclosed flood overlay, which necessitates specific due diligence on insurance premiums and potential future insurability, directly impacting holding costs and liquidity. The opportunity lies in acquiring a property with inherent character in a prime location, where future value is underpinned by land component and irreplaceable positioning. Proceed with a strategy to hold long-term, leveraging its unique character. A Propcred report would precisely quantify the flood risk cost, validate the $1.3 million valuation against true comparable sales, and audit locality-specific development and insurance factors.