2/26 Rae Street, Randwick NSW 2031

Classic Art Deco unit | tightly held boutique block | quiet tree-lined pocket | strong owner-occupier demand This unit sits in a genuinely scarce position: a boutique block on a peaceful street where 80% of neighbours are long-term owners, not investors. That ownership profile signals low turnover and high desirability, which directly supports resale stability. The layout is functional for a downsizer or professional couple — two generous bedrooms plus a study that works as a third room, and a light-filled living-dining area with good flow. The lock-up garage with conversion potential adds a meaningful value lever: a studio or gym could lift rental yield or appeal without major capital outlay. For a buyer seeking a property that blends period character with modern convenience, and who values location over renovation-ready perfection, this unit offers a rare combination of privacy and proximity to Randwick Junction, UNSW, and the beaches. The main risk is the single bathroom, which narrows appeal for families or sharers and may cap future price growth relative to two-bathroom units in the area. The heritage overlay limits external changes, so any value uplift will come from internal updates and the garage conversion — both achievable but requiring budget discipline. The price band suggests the market has already priced in the location premium; buyers should negotiate hard on condition and timing, not on potential. Rental estimates around $900–$1,100 per week support a solid investment case if the purchase price lands near the lower end of the range. Hold this property for medium-term capital growth, or occupy it as a low-maintenance home with optionality to add value through the garage space