28 Lennox Street, Bellevue Hill NSW 2023

28 Lennox Street, Bellevue Hill NSW 2023
Corner block Bellevue Hill | 356sqm with 59% coverage | prime school catchment | auction campaign June 16 The property’s corner positioning on a 356sqm lot with only 59% building coverage is its strongest structural advantage, offering genuine scope for renovation or redevelopment in a suburb where land constraints are severe. The four-bedroom configuration places it squarely in family demand territory, reinforced by direct catchment access to Bellevue Hill Public School and Rose Bay Secondary College. No flood, bushfire, or heritage overlays reduce approval friction, and the 5G connectivity supports executive or remote-working households. This property suits buyers who want a foothold in a prestige address with optionality, not a turnkey finish. The auction timeline signals the vendor expects competitive tension, which means buyers must price the renovation or rebuild cost into their ceiling before bidding. The 59% coverage is moderate but leaves limited rear yard, so any extension will need careful design or a DA. Solar panels are present but their age and condition are unknown, and interior condition data is absent, so a building and pest inspection is non-negotiable. The risk is overpaying for potential that requires significant capital. The opportunity is securing a corner site in a blue-chip catchment with no overlay constraints, which holds and builds value through location alone.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28 Lennox Street, Bellevue Hill NSW 2023
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk
Income Risk ! 1
Execution Risk
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Bellevue Hill is a prestige suburb defined by its luxury housing market and high owner-occupancy. Demand is driven by affluent professionals and families, attracted by its prime location, low property supply, and access to quality schools. While house prices have shown strong recent growth, the unit market has experienced a correction. Future performance hinges on sustained demand from this narrow buyer pool, with key risks being affordability constraints and sensitivity to economic conditions.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

1

Land

356m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat