Beaconsfield record set at $2.125 million

Beaconsfield record set at $2.125 million
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.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Property market Residential Sales

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