2A/16 Bligh Place, Randwick NSW 2031

Quiet village setting | 95m² internal space rare for this market | Flood overlay present | 45% owner occupancy building This property offers a configuration edge that is scarce in the Randwick unit market: a genuine 95 square metres of internal area, which places it well above the typical two-bedroom floorplate and directly appeals to owner-occupiers seeking space without moving to a house. The building’s 45% owner occupancy ratio and 53% long-term residents signal a stable, well-maintained strata environment, reducing the likelihood of disruptive short-term letting or deferred maintenance. The location, described as a leafy village near Riviera lifestyle amenities, aligns with the strong local demand evidenced by a 76% auction clearance rate and median price of $1.3 million for two-bedroom units. This property is best suited to a buyer who values internal space and a quiet residential setting over proximity to the city core, and who can compete in an auction with a clear understanding of local comparables. The confirmed flood overlay is the primary risk, as it may affect insurance premiums and resale appeal to cautious buyers; a professional strata report and insurance quote are essential before bidding. The building’s recent sale of a similar two-bedroom unit for $710,000, while not directly comparable due to different configuration and timing, suggests that this property’s value proposition depends on its size advantage and condition. The absence of direct rental history means the gross yield is speculative, but the building example of $800 per week indicates a potential 4% yield at the guide price, which is below market average for the area. Hold this property for owner-occupation to capture the space premium, or as a long-term hold where capital growth is driven by scarcity of large units in a strong market.