Stunning Rise of Dwelling Values in Bellevue Hill: Sydney Home with Just One Bathroom Sells for Nearly $8m

“A dated Sydney home with just one bathroom sells for almost $8m in Bellevue Hill”

The Sydney property market continues to defy expectations as a four-bedroom home in Bellevue Hill, an affluent suburb in the Eastern Suburbs, sold for a staggering $7.95 million last month. The property, which had been rented for $1800 per week, was last sold in October 2021 for $5.65 million, highlighting the rapid increase in dwelling values in the Harbour City.

Bellevue Hill, known for its proximity to the city, beaches, and top schools, has become one of Sydney’s most sought-after prestige suburbs. According to PropTrack, the median house price in Bellevue Hill is a remarkable $10.14 million, showcasing an 11.4% increase in value over the past 12 months. Home values in the suburb have nearly doubled in the last five years, making it a hot spot for property investments.

The classic brick home in Bradley Ave, Bellevue Hill, sits on a large 462 sqm landholding and offers generous interiors, a deep grassed garden, and a prime location in one of the suburb’s most coveted neighborhoods. While the property is presented in comfortable order, there is ample room for an update, redesign, or complete rebuild to maximize its premium address.

Despite featuring just one bathroom, the home’s appeal lies in its spacious layout and bright interiors. With its proximity to elite schools, harbor beaches, and shopping amenities in Double Bay and Bondi Junction, the residence promises fantastic rewards for those looking to make the most of its exceptional setting.

Bellevue Hill has long been a favorite among media families like the Fairfaxes and the Packers, cementing its reputation as a desirable location for luxury living. The recent sale of this dated home for almost $8 million underscores the strong demand for premium properties in Sydney, even amid a competitive real estate market.