40 Waratah AvenueRandwick NSW 2031
Property Details for 40 Waratah Ave, Randwick
40 Waratah Ave, Randwick is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 727m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (September 2020)
Unrivalled opportunity in the heart of Randwick to secure whole block of 6 x 2 bedroom units and 3 x 1 bedroom units, all with lock up garages, separate laundries and storage rooms and balconies.Offering the discerning investor a multitude of opportunities including potential to Strata and possible refurbishment/redevelopment (STCA) all within walking distance of new light rail, UNSW, POW Hospital Campus, Belmore Rd shopping and transport hub.- Zoned R3 - Medium to high density- 9 overiszed units in total - versatile mix of 1 and 2 bedrooms- Ideal long term investment or individual resale opportunity after strata subdivision (STCA- Instant income stream with current leases in place return $235,683p.a. (approx)- Blank canvass opportunity with possibility to rebuild/redevelop (STCA)Disclaimer: Mint360property have no reason to doubt the accuracy of the property information provided. We request that at all times you inspect the property and make and rely upon your own enquiries.
Property History for 40 Waratah Ave, Randwick, NSW 2031
- 06 Dec 2019Listed for Sale Auction
- 30 Nov 2019Sold for $8,120,000
- 28 Oct 2019Listed for Rent $500 / week
Recent sales nearby
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0About 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 17,156 properties. Over the last 5 years, Houses in Randwick have seen a 15.93% increase in median value, while Units have seen a 26.41% increase. As at 30 April 2026:
- The median value for Houses in Randwick is $3,640,545 while the median value for Units is $1,342,952.
- Houses have a median rent of $1,540 while Units have a median rent of $875.
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