723 Old South Head Rd, Vaucluse is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 530m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom House sold in Vaucluse in the last 12 months.
Set directly opposite the iconic Diamond Bay Bowling Club, this rare offering of two attached original homes on one title presents an exciting redevelopment opportunity. Offered for the first time in 70 years, theres potential to renovate for dual occupancy purposes, convert to one large family home or start afresh. Explore the untapped potential that this site allows and give it fresh purpose as a boutique luxury townhouse or apartment development in a sought-after Eastern Suburbs position (STCA).
This prized corner setting captures uninterrupted open outlooks across Diamond Bays manicured bowling greens, with Diamond Bay Reserve, scenic clifftop trails, Christison Park, village shops and popular foodie destinations including The Botanica and Grumpy Baker all just steps away.
The Features:
The size of Vaucluse is approximately 3.1 square kilometres. It has 16 parks covering nearly 27% of total area. The population of Vaucluse in 2011 was 9,050 people. By 2016 the population was 9,337 showing a population growth of 3.2% in the area during that time. The predominant age group in Vaucluse is 10-19 years. Households in Vaucluse are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Vaucluse work in a professional occupation. In 2011, 70.7% of the homes in Vaucluse were owner-occupied compared with 70.7% in 2016.
Vaucluse has 4,528 properties. Over the last 5 years, Houses in Vaucluse have seen a 70.95% increase in median value, while Units have seen a 25.48% increase. As at 31 October 2024:
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