28 Clements Street, Russell Lea NSW 2046
28 Clements Street, Russell Lea NSW 2046
Tri-level luxury house | 4 beds, 5 baths, 6-car garage | Water and CBD skyline views | Private lift and pool | Top-end of a premium street
This house stands out sharply within its suburb. The combination of a private lift, Italian marble finishes, illuminated onyx, and a six-car garage is rarely seen in this pocket, placing it well above the typical detached family home. Its elevated position delivers water and skyline outlooks, while the pool, spa, and alfresco areas make it a complete entertaining property. The 462 m² land size, though mid-sized, supports a substantial built form with 47% coverage, indicating the dwelling itself is the dominant feature. This property suits a high-income family or downsizer seeking turn-key luxury, multiple living zones, and secure parking without compromising on school catchments or waterfront access.
Value may be shaped by the land size discrepancy between sources, as a 26 m² difference could affect redevelopment potential or perceived outdoor space. The heritage overlay data conflict introduces some uncertainty, though the house appears modern and unlikely to face restrictions. The sub-2% gross yield signals a capital-growth-driven market, meaning price will hinge on buyer competition for premium view homes rather than rental return. The lack of confirmed NBN connection might be a minor consideration for remote workers, but 5G coverage mitigates this. Buyers should weigh the property’s exceptional condition and features against the compact land footprint and the street’s premium price expectations.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Clements Street, Russell Lea NSW 2046
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Russell Lea, in Sydney’s Inner West, has an established residential character and location-supported values. Demand is led by families seeking larger homes—households skew family-oriented and mature—plus individuals and couples in apartments; mortgage-holder share is high. The house median is $3.34 million, up 11.3% over 12 months; units are $1.17 million, up 3.3%. Homes sell in a median 54 days, with 65–68 annual sales, and yields are low: 1.98% for houses, 3.34% for units. Long-run growth is robust—10-year CAGR 7.3%, 20-year 9.7%—and the market sits balanced near trend. Accessibility and established character underpin demand; ongoing development and 38 apartment buildings add supply. Constraints include rising strata supply—30.7% of stock—variable asking prices (1.9% short-term vs 13.2% longer), and broader economic conditions.
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PropCred Estimated Value
Comparable Sales: 39 Clements Street (3-bed, 1-bath, 1-car, 450 m²) sold around $2.1M; 30 Clements Street (elevated family house with pool, views) listed near $3.5M | Property Price Band: $6.9M–$7.0M | Value Drivers: Water views, private lift and luxury finishes, six-car garage capacity
Bedrooms
4
Bathroom
5
Parking
6
Land
462m²
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