Freestanding Parkside Cottage, an Ideal Entry Level Home in an Exclusive Enclave in Randwick

On the edge of Centennial Park, this classic weatherboard cottage has been recently updated. A unique development opportunity in a key lifestyle hub earmarked for massive urban development, the property is located between the Royal Randwick Racecourse and Randwick TAFE, footsteps to the new Light Rail station. Built in the early 1900s, Rose Cottage features rear access via John Lane with the DA approved plans maximizing the potential of the site and featuring a double lock-up garage.

- DA approved for boarding house with 8 self-contained rooms
- Strong rental growth (estimated current rental $450 per room)
- Generously sized rooms containing kitchenette and ensuite facilities
- Estimated annual gross income of $200,000 once completed
- R3 Medium Density zoning
- Currently a 3 bedroom, family room, 1 bath cottage
- Pressed metal ceilings, original fireplace
- Gas kitchen, courtyard, off street parking
- Top location, 5km east of Sydney CBD
- Short walk to the UNSW and NIDA
- Close proximity to renowned schools
- 1km to Randwick shopping village
- Stroll to parkside cafés and transport
- Capitalise on a prime opportunity