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62 Clements Street, Russell Lea NSW 2046

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$5.5M - $6.05M High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 2 Cars 835 m²

Listed: yesterday

Overview

This substantial 835sqm landholding in a premier street of Russell Lea presents a rare chance to own a large, established family residence with excellent future development potential. The property's northerly aspect ensures an abundance of natural light throughout the home and gardens, creating a warm and inviting atmosphere for daily living and entertaining.

The house itself offers an unexpectedly spacious sanctuary featuring multiple living and dining spaces that encourage flexible family living and seamless indoor-outdoor flow. The renovated kitchen is equipped with modern stainless steel appliances and a gas cooktop, perfectly positioned to serve both informal family meals and larger social gatherings.

Outdoor living is a strong feature, with a covered alfresco entertaining deck overlooking expansive level lawns and a heated swimming pool, complemented by a dedicated sun deck—ideal for relaxation or active family enjoyment. The double off-street parking and air conditioning add to the home's functionality and comfort.

Beyond the immediate appeal of the existing house, the property has the significant advantage of DA approval for a duplex redevelopment, offering exciting possibilities for investors and developers to capitalize on this large land parcel. Elevated water views from a potential second-storey addition could add further value and lifestyle appeal.

With four generous bedrooms plus a sunroom and separate study or home office, the layout caters well to families requiring space for work-from-home arrangements or guests. Its location provides convenient access to Lyons Road shops, cafés, the iconic Bay Run, and nearby waterfront parklands, delivering a sought-after lifestyle combining community amenity and natural beauty.

Local Market Insights

In Russell Lea, Quiet Listings observed 20 new houses entering the market over the last 30 days, down from 22 during the previous 30-day period, with an average advertised asking price of $3,222,450. The property type mix of listed properties is predominantly Houses at 60%, followed by duplexes (14%), and townhouses (11%). The most active agency for houses in the Russell Lea area is currently Ray White, representing 25% of new listings, followed by Raine & Horne with 15%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.