50 Harrow Road, Bexley NSW 2207

50 Harrow Road, Bexley NSW 2207
Heritage mansion converted to apartments | rare corner block | endless sunshine aspect | elite historic position in Bexley This property presents a unique proposition as one of Bexley’s final historic residences, a converted mansion on a large, sun-drenched corner block. Its configuration as four apartments within a single title offers a rare hybrid: the scale and prestige of a grand home with inherent income potential or multi-generational utility. This serves a buyer seeking character and flexibility unavailable in standard suburban stock, positioning them with a scarce, land-rich holding in a residential zone. The primary risk is the ambiguous classification across sources-variously described as a house, unit, or rural lot-which signals potential complexity in financing, valuation, and future subdivision. This opacity costs a buyer in due diligence and may limit mainstream buyer pools upon resale. The opportunity lies in clarifying the legal structure to unlock the commercial logic of the separate apartments or the entirety as a singular estate. Acquire this as a long-term hold to capitalise on its irreplaceable character and land value. Recent comparable sales data is insufficient for direct comparison. The property last traded 27 years ago, which provides no meaningful current market benchmark. This lack of fresh transactions underscores its unique, non-conforming nature, making traditional valuation models less reliable and necessitating a bespoke assessment.

Market Insight:

Bexley is a well-established, conveniently located suburb attracting families, first home buyers, and investors. Demand is driven by families seeking larger homes and younger buyers targeting lower-maintenance apartments, supported by ongoing development. Recent market conditions show relative stability with a slight softening in house prices, though strong rental growth persists. Its historical consistency and convenient location underpin future appeal, while the significant apartment supply indicates a diverse market catering to varied affordability levels.

PropCred Estimated Value

Bedrooms

5

Bathroom

5

Parking

4

Land

Built

607m²

Recent Assessments