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Sold on 14 Oct 2024 for $1,520,000

1/66-68 Perouse Road
Randwick NSW 2031

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 2m2
Land area: 636m2
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McGrath Coogee
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Property Details for 1/66-68 Perouse Rd, Randwick

1/66-68 Perouse Rd, Randwick is a 1 bedroom, 1 bathroom Unit and was built in 1940. The property has a land size of 636m2 and floor size of 2m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in Randwick in the last 12 months.

Building Type
Unit
Year Built
1940
Floor Size
2m2
Land Size
636m2
Local Government
Randwick
Lot/Plan
1/SP36473

Last Listing description (October 2024)

Featuring a retail shopfront and a separate two-bedroom apartment above, this property presents a unique opportunity with mixed-use income streams and excellent surrounding amenities. The commercial premises boast a highly visible frontage, ensuring exposure to plenty of passing foot traffic. Meanwhile, the apartment serves as a private sanctuary, completing the perfect blend of business and personal space.

- First class investment opportunity comprises a shop and separate residence above
- Presently returning 5.7% PA

- Ground floor comprising of a Thai restaurant, trading as Ummarin Thai Leased till 30/6/26
- Apartment accommodation consists of two bedrooms with an oversized living/dining
- Thai restaurant 88sqm and apartment 88sqm, totaling 176sqm
- Ideal for owner-operators seeking a combined residence and business space
- Appeal to investors desiring a mix of commercial and residential assets
- Dual-use potential, reside upstairs while earning from the downstairs commercial space
- Fantastic opportunity in a bustling location close to a vast array of amenities
- Shop leased at $6,875pm, apartment leased at $1,666.66 pm, totaling $8541.66pm

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Property History for 1/66-68 Perouse Rd, Randwick, NSW 2031

A timeline of how this property has performed in the market
Last Sold
$1,520,000
14 Oct 2024
  • 14 Oct 2024
    Sold for $1,520,000
  • 16 Sep 2024
    Listed for Sale Sold
  • 27 May 2019
    Listed for Rent $425 / 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 16,909 properties. Over the last 5 years, Houses in Randwick have seen a 56.34% increase in median value, while Units have seen a 33.47% increase. As at 30 September 2024:

  • The median value for Houses in Randwick is $3,540,648 while the median value for Units is $1,220,999.
  • Houses have a median rent of $1,100 while Units have a median rent of $800.
There are currently 51 properties listed for sale, and 35 properties listed for rent in Randwick on OnTheHouse. According to CoreLogic's data, 602 properties were sold in the past 12 months in Randwick.

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