3/50 Kennedy Street, Kingsford NSW 2032

Renovated two-bedder in Kingsford | boutique block, middle floor | dual-street access near light rail | tenancy secured until mid-2026 This apartment’s competitive strength lies in its combination of a boutique block positioning, full renovation, and an existing tenancy that runs to August 2026. For an investor, that tenancy provides immediate, predictable income without leasing downtime, while the open plan layout, stone kitchen, and modern bathroom reduce maintenance risk for a first-home buyer planning to occupy later. The middle floor in a secure block with intercom and balcony gives a quiet, low-maintenance living proposition that suits downsizers or professionals who value proximity to UNSW and the light rail. The school catchment for Rainbow Street Public and Randwick High adds long-term appeal for family buyers, though the apartment format limits that segment. The key risk is that the property sits on a 399m² land holding in a strata flat format, meaning no direct land control or development upside. The bushfire, flood, and heritage clearances are neutral but not differentiating. The existing lease at $700 per week is below the mid-range estimate of $780, so the buyer should factor in a rent review at expiry or a modest vacancy period if they intend to occupy. The NBN Hybrid Fibre Coaxial and 5G coverage are functional but not value drivers. The auction on 30 May creates time pressure; a pre-auction offer with a 30-day settlement could secure it below the upper estimate. Hold for steady rental yield or occupy for lifestyle convenience.