OFF MARKET

2 Princess Street
Rose Bay NSW 2029

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 70m2
Land area: 588m2
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Property Details for 2 Princess St, Rose Bay

Building Type
Land
Year Built
1930
Floor Size
70m2
Land Size
588m2
Local Government
Waverley
Lot/Plan
7/B/DP4185

Last Listing description (July 2020)

DEVELOPERS TAKE NOTE!!!
Presenting an exciting opportunity at the edge of Rose Bay village, this freestanding family home offers versatile options for homebuyers and developers. Explore the potential for creative transformation of the four-bedroom character bungalow set on a 588 sqm (approx.) parcel of land with large back garden, sunny north rear aspect and garage, or use DA approved plans to develop 3 x 3-level townhouses (all with basement parking & storage) and common swimming pool.

Immediately comfortable with unlimited scope to stamp with your own decorative style or renovate and extend (STCA), the house is imbued with character in large rooms with high patterned ceilings, polished timber floors and original fireplace. The generous layout includes a wide entry hall, spacious living area, open-plan dining area, modern gas kitchen, walk-in pantry/storeroom, 4 bedrooms, bathroom (with bath/shower) and study opening to the back garden with separate laundry and second toilet.

The DA approved plans for a new building include:
Unit 1: 2-bed plus study + security parking for 1 car + basement storage (88sqm internal)
Unit 2: 3-bed plus study + security parking for 2 cars + basement storage (142sqm internal)
Unit 3: 4-bed plus study + security parking for 2 cars + basement storage (164sqm internal)
Common swimming pool and poolside cabana

Conveniently positioned in a family-friendly locale between the harbour and Bondi Beach, the property is set in a quiet street close to schools, childcare centres, Rose Bay & Rose Bay North shopping villages, Dudley Page Reserve, coastal walks and bus transport.

+ Character freestanding family home
+ 588 sqm (approx.) land with garage
+ Big back garden with north rear aspect
+ Living area flows to open-plan dining area
+ Kitchen with s/steel gas stove & pantry
+ Wide entry hall, high patterned ceilings
+ 4 bedrooms, 2 w built-in wardrobes
+ Bathroom with shower above bath
+ Separate laundry & adjacent 2nd toilet
+ Timber floors, ceiling fans, r/c air-con
+ Off-street parking for 2nd car in driveway
+ Close to village shops, schools & buses

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Property History for 2 Princess St, Rose Bay, NSW 2029

A timeline of how this property has performed in the market
Last Sold
$2,072,000
04 Aug 2023
  • 04 Aug 2023
    Sold for $2,072,000
  • 30 Jun 2020
    Sold for $3,275,000
  • 25 May 2020
    Listed for Sale Auction
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About Rose Bay 2029

The size of Rose Bay is approximately 2.5 square kilometres. It has 15 parks covering nearly 35.5% of total area. The population of Rose Bay in 2011 was 9,401 people. By 2016 the population was 10,027 showing a population growth of 6.7% in the area during that time. The predominant age group in Rose Bay is 30-39 years. Households in Rose Bay are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Rose Bay work in a professional occupation. In 2011, 54.9% of the homes in Rose Bay were owner-occupied compared with 52.8% in 2016.

Rose Bay has 6,043 properties. Over the last 5 years, Houses in Rose Bay have seen a 74.56% increase in median value, while Units have seen a 37.51% increase. As at 31 July 2024:

  • The median value for Houses in Rose Bay is $6,525,498 while the median value for Units is $1,535,628.
  • Houses have a median rent of $1,775 while Units have a median rent of $900.
There are currently 41 properties listed for sale, and 20 properties listed for rent in Rose bay on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in Rose bay.

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