Beaconsfield record set at $2.125 million

Melbourne based developer ACDEV recently launched its Queen Street, Beaconsfield properties for sale off the plan.

The individual torrens title homes are a modern interpretation of Sydney’s traditional inner city terrace.

McGrath Projects have sold the majority of homes off the plan, primarily to their internal database of clients.

One sale set a new price record for the suburb of Beaconsfield of $2.125 million.

Beaconsfield sits adjacent to the $8 billion Green Square urban renewal precinct and is a small triangle sandwiched between Surry Hills, Zetland, Alexandria, with an average sale price of $1.380 million which McGrath Associate Director, Dennis Vertzayias, believes represents outstanding value considering you are a stone’s throw to the city centre and surrounded by some of Sydney’s best inner city amenity.

"We had a similar outcome when we recently sold the Portobello Annandale homes off the plan and set a price record for that region of $2.25 m at the time," he said.

ACDEV are currently constructing the nearby Mitchell & Fountain development in Alexandria.