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6-8 Glen Ave 0.25 Acres of Residential Land Offered at $6,838,500 in Randwick, NSW 2031
Investment Highlights
- R3 Medium Density Residential zoning with Low & Mid-Rise Policy uplift delivering enhanced planning potential.
- Strong holding income provided by two substantial dwellings on-site featuring existing improvements.
- Combined landholding of approximately 995 sqm across two adjoining lots on a quiet established street.
- Positioned within close proximity to beaches, UNSW, hospitals, vibrant retail, and ~6 km from Sydney CBD.
Executive Summary
The location emphasizes connectivity and lifestyle, positioned just minutes from pristine beaches, UNSW, major hospitals, and key shopping precincts. Situated roughly 6 km from the Sydney CBD, this asset is surrounded by substantial infrastructure and vibrant residential communities. Both parcels provide strong holding income through two existing dwellings, allowing flexibility while progressing development plans for boutique apartments or townhouses. With urban demand and scarcity of consolidated sites in Randwick, this represents a strategic landholding primed for long-term capital appreciation and high-end project outcomes.
Property Facts
| Price | $6,838,500 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Property Type | Land |
| Price | $6,838,500 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.25 AC |
1 Lot Available
Lot
| Price | $6,838,500 | Lot Size | 0.25 AC |
| Price Per AC | $27,813,478.09 |
| Price | $6,838,500 |
| Price Per AC | $27,813,478.09 |
| Lot Size | 0.25 AC |
The zoning facilitates an FSR of up to 1.5:1 and a height limit of 17.5 meters, unlocking a potential gross floor area of approximately 1,492 sqm, subject to council approval.
Description
The property consists of two adjoining residential parcels totaling approximately 995 sqm and is zoned R3 Medium Density Residential under Randwick LEP. Height and FSR controls allow for a 17.5-meter height limit and an FSR of 1.5:1, increasing development potential under NSW Low and Mid-Rise Housing policy provisions. The site is located within approximately 800 meters of a Town Centre, in close proximity to transport links, educational institutions, healthcare facilities, and retail hubs.
Presented by
6-8 Glen Ave
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