OFF MARKET

14 Bay Road
Russell Lea NSW 2046

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 724m2
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Property Details for 14 Bay Rd, Russell Lea

14 Bay Rd, Russell Lea is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 724m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
House
Land Size
724m2
Local Government
Canada Bay
Lot/Plan
40/DP659463

Last Listing description (October 2021)

A prized bayside location, a large block of land and sparkling water views combine to make this a prime opportunity for creative buyers looking to build a dream home or duplex development (STCA). On the market now for only the second time in more than 100 years, it stands on an elevated 702sqm wide fronted allotment within footsteps to foreshore walks and parklands around Five Dock Bay. This is a rare real estate offering that will bring fantastic rewards to those wishing to capitalise on such a tightly held setting.

- 18.29m wide frontage and an ideal northerly easterly rear aspect
- Set up high to capture an elevated outlook to Five Dock Bay

- Large entertainment deck looking out over the boat-filled waters
- In solid and well-maintained condition with bright and airy interiors
- Currently tenanted and earning immediate rental income
- A great-sized backyard includes a lock-up garage and carport
- Scope to renovate or start afresh with a brand-new residence
- Future duplex development would maximise the property's value (STCA)

Property History for 14 Bay Rd, Russell Lea, NSW 2046

A timeline of how this property has performed in the market
Last Sold
$5,601,000
15 Feb 2022
Listed for Rent
$850/w
19 Jul 2021
  • 15 Feb 2022
    Sold for $5,601,000
  • 13 Sep 2021
    Listed for Sale Contact Agent
  • 31 May 2021
    Listed for Rent - Price not available
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About Russell Lea 2046

The size of Russell Lea is approximately 1 square kilometres. It has 6 parks covering nearly 1% of total area. The population of Russell Lea in 2011 was 4,779 people. By 2016 the population was 4,983 showing a population growth of 4.3% in the area during that time. The predominant age group in Russell Lea is 40-49 years. Households in Russell Lea are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Russell Lea work in a professional occupation. In 2011, 72.3% of the homes in Russell Lea were owner-occupied compared with 72.2% in 2016.

Russell Lea has 2,169 properties. Over the last 5 years, Houses in Russell Lea have seen a 56.92% increase in median value, while Units have seen a 30.79% increase. As at 31 October 2024:

  • The median value for Houses in Russell Lea is $3,103,746 while the median value for Units is $1,077,799.
  • Houses have a median rent of $1,050 while Units have a median rent of $680.
There are currently 12 properties listed for sale, and 10 properties listed for rent in Russell lea on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Russell lea.

Suburb Insights for Russell Lea 2046

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.