2 Glen Avenue, Randwick NSW 2031

2 Glen Avenue, Randwick NSW 2031
7 bedrooms | 6 car spaces | 529 sqm corner block | R3 zoning | Coogee proximity This propertyโ€™s primary buying case rests on its unusually high bedroom and parking count combined with R3 medium-density zoning on a corner siteโ€”a rare configuration in this sought-after eastern suburbs pocket. For a multi-generational family or an investor seeking future flexibility, the oversized garage, separate studio, and multiple living levels offer immediate utility and a clear structural advantage over typical period homes in Randwick. The location near Coogee Beach and village amenities reinforces strong owner-occupier demand and long-term land value growth. The flood and heritage flags are specific risks that may limit renovation scope and increase insurance costs, warranting formal due diligence before commitment. However, the R3 zoning and corner position create a commercial logic for eventual subdivision or higher-density development, subject to council approval. For a buyer who values space, parking, and future optionality over turnkey perfection, this house should be held as a medium-term family home with a development overlay.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2 Glen Avenue, Randwick NSW 2031
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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

Bedrooms

7

Bathroom

5

Parking

6

Land

529mยฒ

Assessments Delivered Today

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