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Dearth of Bellevue Hill homes for sale driving prices ever higher

This beautiful home at 25 Suttie Road, Bellevue Hill, is deceptively spacious. A manicured garden, cabana and swimming pool create a magnificent outdoor entertaining space at 39 Balfour Road, Bellevue Hill. Photo: Supplied

Huge bifold doors are a feature of 53 Salisbury Road, Bellevue Hill. Photo: Supplied

While some trophy homes languish on the open market for years, others find favour rather more quickly, helping to spice up the market around them. It took only three months to find a buyer for Bellevue Hill’s most expensive home, Leura, which sold through Ray White Double Bay three months ago for more than $30 million.

The Federation Queen Anne-style property on a 4260-square-metre block in Victoria Road offered eight bedrooms, eight bathrooms, a ballroom, a tennis court and a swimming pool.

A month later, in the same street, Yoorami found a buyer after two years on the market. The grand 1920s home on 2903 square metres sold for $15.25 million, also through Ray White Double Bay.

In the days leading up to Christmas, there were about a dozen sales of between $3.5 million and $10 million, according to Domain Group data, pushing the median house price up to $4.05 million, a bullish rise of nearly 17 per cent in the past year.

Ballard Property agent James Ball says stock levels of big family homes are down, which is contributing to this price rise.

He says there were 25 groups through the first open of 25 Suttie Road, big numbers for a home in the $7 million-plus price range.

“We’ve got buyers out there at the moment and we just don’t have the supply to help them.”

For LJ Hooker Double Bay agent Bill Malouf, the lack of listings bodes well for the year ahead.

“I’m very happy that the market hasn’t been flooded with stock,” he says. “It’s a good thing because clearance rates are moving along nicely and I think the first half of this year will prove to be stronger than the second half of last year.”

While many of the house hunters are locals looking to upgrade, Ball says he is also fielding inquiries  from expatriates looking to secure an eastern suburbs home while the dollar is favourably low.

1. 25 Suttie Road Guide: $7.5m – $8m 6 bedrooms, 4 bathrooms, 4 car spaces Built 1990s; renovated 2002 Land 904 square metres Inspect Sat, noon-12.45pm; Thu, 5.45pm-6.30pm Agent Ballard Property, 0410 740 349 Auction March 15 Last traded for $3,175,000 in 2001

Tucked off the road on a private battleaxe block, this deceptively spacious home spans four levels, with room for a growing family. The garden is a highlight, with a vine-covered pergola, tightly clipped hedges and level lawn surrounding a pool that captures plenty of northern sun.

The main living spaces are on the first floor and open on to a wrap-around terrace. The lounge room boasts a huge open fireplace, a tiled floor and lots of windows taking in the leafy outlook. A separate, eat-in kitchen has an island with breakfast bar seating, integrated wall ovens, a Miele dishwasher and a gas cooktop. There is a large, adjoining butler’s pantry, which leads to a storeroom, cellar and powder room.

You’ll find a second living room and three bedrooms on the second floor, including the master suite with a walk-in wardrobe, a limestone en suite and access to a wrap-around balcony. There are a further two bedrooms on the third floor.

A media room, car parking and storage facilities are located on the ground floor. Additional features include ducted airconditioning, an integrated sound system and security intercom.

Close to Lough Playing Fields, the home is also within easy reach of schools, Cooper Park, Bondi Junction and the Double Bay shopping village.

Room for improvement: Open up and extend the living spaces on the first floor.

2. 39 Balfour Road Guide: $5.6m – $6m 6 bed 4 bath 3 car Built 1922; renovated 1997 Land 689 square metres Inspect Sat and Thu, 11am-11.45am Agent LJ Hooker Double Bay, 0411 428 354 For sale by expressions of interest Last traded price unknown

You’ll be spoilt for choice when it comes to entertaining guests in this beautifully updated character home, positioned just around the corner from the Plumer Road village shops and a block from the Woollahra Golf Club. There are three separate living areas on the ground floor: a formal dining room, a formal living room and a big bright family room at the back of the house.

This room opens to a manicured, level garden with lush lawn, a glass-framed pool and a substantial cabana with kitchenette and gas fireplace.

The bedrooms are on the upper level, each with built-in storage and the master with a small west-facing balcony, a walk-in wardrobe and an en suite with twin vanity. Two of the remaining bedrooms and a study open on to balconies on the eastern side of the house.

There are some well-preserved period features, including leadlight windows, polished timber floors and window seats, plus some stylish new additions, like the plantation shutters and custom cabinetry.

Room for improvement: Connect the plumbing to heat the pool.

3. 53 Salisbury Road Guide: $5.2 million 5 bed 4 bath 2 car Built 1950s; renovated 2008 Land 743 square metres Inspect Sat and Thu, 1.45pm-2.25pm Agent Ray White Double Bay, 0424 532 451 Auction March 17 Last traded for $1,665,000 in 1999

Interior design company Beautiful Spaces has lived up to its name at this picture-perfect home in tree-lined Salisbury Road. Every room includes a garden or water feature and the clever use of mirrors means you’re never entirely sure whether you’re inside or out.

There are two key living areas separated by a bright, open-plan kitchen. At the front of the home, a lounge room with pitched ceiling overlooks a mass of greenery to the property’s east. An adjoining dining zone has a touch of whimsy with a pocket garden behind bifold doors. The kitchen itself features an island bench topped with stone and offering breakfast bar seating, integrated gas appliances and soft-close drawers. The northern and western walls of the family room open completely on to a partly covered courtyard, feature pond and delightful garden, with a show-stopping pool visible through a vertical glass panel. The poolside cabana has a built-in barbecue and wine fridge.

The gardens are fully irrigated and there is an outdoor sound system and CCTV.

Room for improvement: Consider installing some built-in cabinetry in the lounge room.

This story Administrator ready to work first appeared on Nanjing Night Net.

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