SOLD
Sold on 17 May 2024 for $675,000

2/53-55B Frenchmans Road
Randwick NSW 2031

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 605m2
Sold By
McGrath Paddington
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Property Details for 2/53-55b Frenchmans Rd, Randwick

2/53-55b Frenchmans Rd, Randwick is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 605m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Unit sold in Randwick in the last 12 months.

Building Type
Unit
Year Built
2005
Land Size
605m2
Local Government
Randwick
Lot/Plan
2/SP73982

Last Listing description (July 2024)

A fantastic opportunity is offered with this contemporary apartment that's so enticing with its look, style and location. It offers a stylish and well-proportioned retreat with fresh interiors, a sleek design and an easy-to-maintain single-bedroom layout.

-Quietly tucked away at the rear of a boutique security building
-Fresh, breezy and bright interiors feature cool timber flooring

-Easy level access to a large north-facing entertainment terrace
-A generous double bedroom with fitted built-in wardrobe
-Smartly appointed modern kitchen finished with stone benchtops
-Security basement car space, intercom entrance and lift access
-Large shared rooftop terrace that captures sweeping district views
-A fantastic investment in a location with high rental demand
-Strolling distance to local cafs, shops and neighborhood parks
-Buses close to the front door connecting to the city and beaches
-Rental potential $700per week unfurnished or $800per week furnished approx.

Apartment Size- 49sqm plus 16sqm Lock-up garage
Council Rates $1,644pa
Water Rates $724pa
Strata levies- $1,647pq

Property History for 2/53-55b Frenchmans Rd, Randwick, NSW 2031

A timeline of how this property has performed in the market
Last Sold
$675,000
17 May 2024
Listed for Rent
$700/w
14 Mar 2023
  • 17 May 2024
    Sold for $675,000
  • 09 Apr 2024
    Listed for Sale Sold
  • 30 Oct 2023
    Listed for Sale Auction Guide $675,000
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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 44 properties listed for sale, and 48 properties listed for rent in Randwick on OnTheHouse. According to CoreLogic's data, 575 properties were sold in the past 12 months in Randwick.

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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.