54 Fern StreetRandwick NSW 2031
Property Details for 54 Fern St, Randwick
54 Fern St, Randwick is a 4 bedroom, 0 bathroom House with 2 parking spaces. The property has a land size of 543m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in June 1982.
Last Listing description (July 2021)
A prized position on the border of Clovelly and Randwick is this character residence consisting of 16 over-sized bedrooms and 4 large bathrooms on a huge 538.8 sqm block, perfect for development, investment or conversion back in to a family home(s).
Boasting a huge 538.8 SQM, the block of land also offers amazing potential for a luxurious 4-story apartment complex*. Or instead, convert to an attractive family home(s) with the land offering potential for two elegantly designed townhouses or one over-sized family home, ideally located in the heart of Sydney's Eastern Suburbs.
Currently operating as a boarding house, the property also offers wonderful investment returns of $286,264* per annum, as well as lucrative boarding house expansion and income opportunities* for operators or developers.
- Current year income $286,264* (based on 100% mixed of single & dual occupancy)
- 16 well sized bedrooms
- 4 very spacious well maintained bathrooms
- High ornate ceilings, feature fireplaces
- All rooms furnished and included in sale
- Communal rear yard with established trees and sitting area
- Off street parking for two cars
- Rare opportunity to acquire a licensed boarding house in the Heart Sydney's East
- East-facing, Land size 538.8sqm*
- R3 Zoning & FSR - 0.75:1
- Ultra-convenient location, a short drive from Coogee and Clovelly Beaches
- Huge front yard with over 13.9* meters setback from Fern Street (perfect for expansion or development)
Perfect for boarding house expansion using the allowable 0.5:1 FSR additional bonus under NSW's Affordable Rental Housing Policy providing an opportunity to build up to an extra eight (8) rooms (STCA).
Conjunction Agent: First Hand Property | Mitchell Farah 0466 967 826
*Approximately* - Contract and Information Memorandum available upon request
For Sale: Price on Request
Agents: Martin Farah 0418 402 015
Disclaimer: While all care has been taken in compiling information regarding properties marketed for rent or sale, we accept no responsibility and disclaim all liabilities in regard to any errors or inaccuracies contained herein. All parties should rely on their own investigation to validate the information provided.
Property History for 54 Fern St, Randwick, NSW 2031
- 28 Apr 2021Listed for Sale For Sale
- 17 Aug 2018Sold
- 09 Jun 1982Sold
Recent sales nearby
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About Randwick 2031
The size of Randwick is approximately 5.4 square kilometres. There are 25 parks, covering nearly 20.6% of the 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 17,270 properties. Over the last 5 years, Houses in Randwick have seen a -3.24% decrease in median value, while Units have seen a 8.95% increase. As at 31 August 2026:
- The median value for Houses in Randwick is $3,346,790 while the median value for Units is $1,251,686.
- Houses have a median rent of $1,600 while Units have a median rent of $900.
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