23 Belmore Road, Randwick, NSW 2031 | Property Value & History | OnTheHouse
 
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23 Belmore Road
Randwick NSW 2031

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Car spaces: 1
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Property Details for 23 Belmore Rd, Randwick

Building Type
Commercial
Local Government
Randwick
Lot/Plan
8/DP82171

Last Listing description (January 2025)

DEVELOPMENT SITE WITH DA APPROVAL

This remarkable property boasts a two-story mixed-use freehold, accompanied by a coveted DA for the construction of 9 self-contained studio apartments above existing commercial premises.
Main Features:
* A rare opportunity to capitalize on a DA project approved for 9 x self-contained studio apartments to be built above the existing, that provides an ideal investment opportunity.

* Also approved is communal room and large roof top terrace
* Spacious restaurant with a fully equipped kitchen, cold storage, and a grease trap, currently leased to longstanding tenant with a long history in Randwick. Lease currently has a demolition clause that is advantageous for both developers and investors, providing flexibility for future plans.

This is a unique opportunity to acquire a strategically positioned property in the heart of Randwick with significant development potential and a strong income stream. For further details and to explore this exceptional investment, please contact our exclusive selling agents.

Contact: George Karabalios 0411 505 111
Inspect: By Private Appointment

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Property History for 23 Belmore Rd, Randwick, NSW 2031

A timeline of how this property has performed in the market
Last Sold
08 Oct 2024
  • 23 Oct 2024
    Listed for Sale Call Agent
  • 16 Jul 2024
    Listed for Sale Call Agent
  • 03 Oct 2023
    Listed for Sale Call Agent
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About Randwick 2031

The size of Randwick is approximately 5.4 square kilometres. It has 25 parks covering nearly 20.6% of total area. The population of Randwick in 2016 was 29986 people. By 2021 the population was 28943 showing a population decline of 3.5% in the area during that time. The predominant age group in Randwick is 30-39 years. Households in Randwick are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Randwick work in a professional occupation.In 2021, 46.80% of the homes in Randwick were owner-occupied compared with 46.40% in 2016.

Randwick has 17,144 properties. Over the last 5 years, Houses in Randwick have seen a 39.57% increase in median value, while Units have seen a 35.46% increase. As at 31 December 2025:

  • The median value for Houses in Randwick is $3,706,188 while the median value for Units is $1,305,870.
  • Houses have a median rent of $925 while Units have a median rent of $850.
There are currently 31 properties listed for sale, and 73 properties listed for rent in Randwick on OnTheHouse. According to Cotality's data, 640 properties were sold in the past 12 months in Randwick.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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