SOLD
Sold on 05 Jul 2024 for $1,100,000

1/16 Silver Street
Randwick NSW 2031

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 68m2
Land area: 588m2
Sold By
Belle Property Randwick
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Property Details for 1/16 Silver St, Randwick

1/16 Silver St, Randwick is a 2 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 588m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Randwick in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
68m2
Land Size
588m2
Local Government
Randwick
Lot/Plan
10/SP81274

Last Listing description (August 2024)

Village living and urban convenience come together in this boutique apartment to make a standout asset in the heart of Randwick's world-class health and education hub. With Belmore Road's shopping hub at the top of the street, the north-facing apartment is one of only nine in a secure block just 650m to the UNSW and Prince of Wales Hospital precincts and 500m to the High Street light rail. Fresh contemporary interiors make for easy living with off-street parking on title a massive bonus and everything you need from Woolworths and Harris Farm Markets to gyms and wellness studios footsteps away. A great low-maintenance investment with strong rental returns, the two-bedroom apartment is perfect for the professional couple or medical staff minutes to the leafy serenity of Centennial Park and the beach action at Coogee.

- Classic mid-century block of 9, secure near-level access
- Solid double-brick build with only one common wall

- North-east corner, polished timber floors, high ceilings
- 2 sunny double bedrooms with built-ins, bright bathroom
- Contemporary dine-in gas kitchen with stone benchtops
- Large living room, gas heating bayonet, video intercom
- Parking, 500m to the light rail, easy city access
- Tenanted until Nov 2024, rental return $800 per week
- 300m to Royal Randwick Shopping Centre and Harris Farm
- 800m to The Spot's dining hub and iconic Ritz Cinemas

Property History for 1/16 Silver St, Randwick, NSW 2031

A timeline of how this property has performed in the market
Last Sold
$1,100,000
05 Jul 2024
Listed for Rent
$780/w
13 Oct 2023
  • 05 Jul 2024
    Sold for $1,100,000
  • 11 Jun 2024
    Listed for Sale Sold By Emilee Tayyara
  • 09 Oct 2023
    Listed for Rent $780 / week
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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 2011 was 27,740 people. By 2016 the population was 29,998 showing a population growth of 8.1% in the area during that time. The predominant age group in Randwick is 30-39 years. Households in Randwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Randwick work in a professional occupation. In 2011, 49.3% of the homes in Randwick were owner-occupied compared with 46.4% in 2016.

Randwick has 16,925 properties. Over the last 5 years, Houses in Randwick have seen a 52.73% increase in median value, while Units have seen a 31.04% increase. As at 31 October 2024:

  • The median value for Houses in Randwick is $3,581,714 while the median value for Units is $1,226,595.
  • Houses have a median rent of $1,000 while Units have a median rent of $825.
There are currently 46 properties listed for sale, and 48 properties listed for rent in Randwick on OnTheHouse. According to CoreLogic's data, 573 properties were sold in the past 12 months in Randwick.

Suburb Insights for Randwick 2031

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.