2 Glen Avenue, Randwick NSW 2031

2 Glen Avenue, Randwick NSW 2031
7 bed 5 bath house | corner 529 sqm land | R3 zoning adds flexibility | flood zone noted | large family and multi-gen appeal This property is considered unusually large for its suburb with a seven-bedroom, five-bathroom configuration and six car spaces on a corner site of over 500 square metres. The internal area of 253 square metres with multiple living zones, a basement studio, and high-quality finishes like granite surfaces is expected to appeal strongly to large family buyers or those seeking multi-generational accommodation. The R3 zoning is noted as providing future flexibility, while the corner position and generous garage layout are rare traits in this part of Randwick. The location near beaches and schools supports lifestyle demand. The combination of scale and amenity means this property sits above typical family housing in the area, serving a narrower but motivated buyer pool. The flood zone designation may influence insurance costs and buyer perception, which should be weighed carefully. The R3 zoning is described as offering flexibility, but its practical implications for redevelopment or subdivision would need local planning verification. The lack of heritage listing removes one constraint, but the age of the building is not confirmed and may affect maintenance expectations. Buyers might consider these factors when forming a view on price relative to similar large homes in the eastern suburbs
Detailed Independent Property Report prepared  by PropCred Analyst team for 2 Glen Avenue, Randwick NSW 2031
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✓
Execution Risk ✕ 2
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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

529m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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