Ray White Commercial (SC) is pleased to present a truly unique development opportunity at 2 Kennedy Street, Kingsford, just steps from UNSW. This rare offering provides a multitude of re-development options for investors, developers and owner occupiers. The property will be offered for sale via Public Auction.
This site is offered to the market for the first time in 70 years.
This asset features a substantial 982 sqm* landholding with three street frontages. The existing improvements include a block of four apartments, currently divided into a large 3-bedroom apartment, two spacious 2-bedroom apartments, and a studio apartment, offering solid holding income potential.
Located in Kingsford, part of Sydney's exclusive eastern suburbs, and only 7 kilometres* from the Sydney CBD, the property is positioned within a key growth corridor offering excellent access to major employment hubs, educational institutions like University of New South Wales (UNSW), and leading medical facilities such as Prince of Wales Hospital.
Additional highlights of the asset include:
Land area - 982 sqm*
Three street frontages
Offered for the first time in 70 years
Currently configured as 4 separate rental opportunities
Zoned: R2
Height Limit: 9.5m
Located opposite the Oval Lane entrance to UNSW
350m* to Prince of Wales Hospital
400m* walk from UNSW High Street Light Rail Station, with additional public transport options nearby
2 Kennedy Street, Kingsford is offered for sale via Auction on Wednesday, 13 November 2024 at 10:30am (AEDT). The Auction will be held at Ray White Corporate Office, Level 7, 44 Martin Place, Sydney NSW 2000.
For further information, please contact the exclusive selling agents below.
^Subject to Council Approval
*Approximately
The size of Kingsford is approximately 2.0 square kilometres. It has 9 parks covering nearly 0.5% of total area. The population of Kingsford in 2016 was 15482 people. By 2021 the population was 13492 showing a population decline of 12.8% in the area during that time. The predominant age group in Kingsford is 20-29 years. Households in Kingsford are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kingsford work in a professional occupation.In 2021, 46.20% of the homes in Kingsford were owner-occupied compared with 43.00% in 2016.
Kingsford has 6,818 properties. Over the last 5 years, Houses in Kingsford have seen a 42.20% increase in median value, while Units have seen a 33.24% increase. As at 30 November 2025:
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