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Sold on 16 Aug 2024 for $1,570,000

2/66-68 Perouse Road
Randwick NSW 2031

Bedrooms: 1
Bathrooms: 2
Car spaces: -
Floor area: 156m2
Land area: 638m2
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Property Details for 2/66-68 Perouse Rd, Randwick

2/66-68 Perouse Rd, Randwick is a 1 bedroom, 2 bathroom Unit and was built in 1940. The property has a land size of 638m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Randwick in the last 12 months.

Building Type
Unit
Year Built
1940
Floor Size
156m2
Land Size
638m2
Local Government
Randwick
Lot/Plan
2/SP36473

Last Listing description (August 2024)

Featuring a retail shopfront and a separate one-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.

- Appeal to investors desiring a mix of commercial and residential - potential return of 6% PA
- Ideal for owner-operators seeking a combined residence and business space

- Dual-use potential, reside upstairs while earning from the downstairs commercial space
- Recently upgraded commercial area with substantial capital injections
- One-bedroom apartment with spacious bedroom, floorboards and unique features
- Oversized living room with a cosy fireplace, additional sunroom or office space
- Convenient separate dining area and eat-in kitchen with ample storage
- Fantastic opportunity with plenty of passing foot traffic
- Shop leased at $5,958pm, apartment leased at $2,470pm, totalling $8,428pm
- Dry cleaner 76sqm and apartment 80sqm, totalling 156sqm

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Property History for 2/66-68 Perouse Rd, Randwick, NSW 2031

A timeline of how this property has performed in the market
Last Sold
$1,570,000
16 Aug 2024
Listed for Rent
$460/w
28 Feb 2022
  • 16 Aug 2024
    Sold for $1,570,000
  • 15 Jul 2024
    Listed for Sale Sold
  • 08 May 2024
    Listed for Sale Contact Agent
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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 16,973 properties. Over the last 5 years, Houses in Randwick have seen a 58.97% increase in median value, while Units have seen a 31.97% increase. As at 31 August 2024:

  • The median value for Houses in Randwick is $3,545,600 while the median value for Units is $1,201,231.
  • Houses have a median rent of $1,200 while Units have a median rent of $800.
There are currently 39 properties listed for sale, and 46 properties listed for rent in Randwick on OnTheHouse. According to CoreLogic's data, 608 properties were sold in the past 12 months in Randwick.

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