1 Miller Street, Bondi NSW 2026
1 Miller Street, Bondi NSW 2026
Tri-level Federation with north aspect | 300m to Bondi beach and café strip | Flexible lower level for income or multigenerational use | Rooftop deck and outdoor fireplace in a hidden pocket
This property occupies a rare position: a north-facing Federation house on a 307sqm block within walking distance of Bondi Beach, configured for both family living and income potential. The tri-level layout with separate lower-level kitchenette and bathroom offers genuine flexibility—whether as a self-contained studio, guest wing, or teenage retreat—without compromising the main residence’s flow. The 96% site coverage and rooftop deck with skylit room suggest an owner who maximised every square metre for amenity, not just yield. For a buyer seeking a permanent home with optional rental income or multigenerational capacity, this house competes directly with far more expensive options in the same pocket. The heritage overlay and 1920s fabric are structural constraints worth understanding: any external alterations will require council approval, and the 110sqm floor size (if accurate) means internal space is tighter than the satellite-derived 294sqm coverage suggests. Renovation upside is limited without DA approval, but the existing condition is turnkey. The rental estimate of $3,895 per week supports a 3.3% gross yield, which is strong for Bondi but assumes the lower level is separately tenanted—a strategy that may conflict with council parking or occupancy rules. Buyers should verify the legal status of the lower-level kitchenette and confirm no unapproved works. Hold this house as a long-term family base with income offset; its scarcity in this corridor will compound value even if redevelopment is off the table.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Miller Street, Bondi NSW 2026
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Bondi’s iconic coastal positioning underpins its premium status, attracting high-income professionals and young couples who drive strong demand. Recent house price growth has been robust, though unit performance is more varied, with a tight supply environment supporting a seller’s market. Future growth is anchored in its enduring appeal and limited stock, yet significant affordability constraints and market sensitivity to interest rates present key risks for prospective buyers.
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PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
2
Land
307m²
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