Beaconsfield: Inner-City Sydney’s Hidden Gem

May 17th, 2024 - by Brad Gillespie

Beaconsfield is one of the hidden gems of Sydney’s inner city.

Located just 5 km south of the Sydney CBD and wedged between Alexandria, Green Square, Zetland and Rosebery, it’s one of the smallest suburbs in the entire city - taking up just 0.2km.

Beaconsfield is undergoing a rapid transformation, with the arrival of cafes, restaurants and new, lifestyle-focused developments. We explore what’s happening in Beaconsfield and why buyers should consider this compact suburb.

How many people live in Beaconsfield?

According to 2021 Census data, Beaconsfield is home to just 1,172 people. Still, that’s 185 (or 18.7%) more people compared to five years previously. At the time of the 2016 Census 987 people lived in the suburb.

Around the same time, Beaconsfield was reported to be the eighth smallest suburb in all of Sydney.

How did Beaconsfield come to be?

Beaconsfield isn’t just one of Sydney’s smallest suburbs, it’s also one of its newest, and was only officially gazetted (or formally acknowledged) for the first time in 1977. Before then, it was considered part of Alexandria.

The name Beaconsfield comes from the ‘Beaconsfield Waterloo Estate’, which was what the 1884 subdivision of the local area was known as.

The term ‘Beaconsfield’ acknowledges one of the great British Prime Ministers, Benjamin Disraeli, who was also Earl of Beaconsfield.

Beaconsfield Park predates the suburb, and was named in 1937.

Beaconsfield’s housing stock

Although Beaconsfield is right next door to Green Square, its housing stock is very different.

While close to 100% of Green Square’s residents live in apartments, only 36.6% of Beaconsfield’s do.

Instead, almost half of Beaconsfield’s residents (44.6%) live in terraced housing, semi-detached properties, or townhomes—there are 212 of these. Meanwhile, 16.2% live in the 77 freestanding houses in the suburb.

Scarcity always helps property values, and the fact that Beaconsfiled’s houses are surrounded by apartments makes them highly prized. Lately, however, demand for Beaconsfield housing has gone into overdrive.

In fact, the median house value in Beaconsfield has grown by an incredible 34.2% over the past 12 months to now stand at $2,120,000. That puts prices roughly on par with Alexandria ($2,150,000) but higher than many other nearby suburbs, such as Erskineville ($1,800,000), Waterloo ($1,580,000), Zetland ($1,910,000) and Redfern ($1,825,000).

Perhaps this is partly because Beaconsfield is one part of the inner city where buyers can find a little space - of the 16 properties sold in the suburb over the past 12 months, Domain data shows six have four or more bedrooms. That’s something many buyers can struggle to find in our part of the world.

Greenery, community and proximity

Another factor that draws buyers to Beaconsfield is the sense of green space and openness. The suburb is dominated by Beaconsfield Park, which offers a picnic area, children’s playground, tennis and basketball courts and an off-leash dog walking area.

This also helps drive a sense of community in the neighbourhood. If you visit the local park, you’re almost certain to bump into people you know. So Beaconsfield feels friendly and familiar, even though it’s so close to the city.

The transport infrastructure here is great, too. In fact, it’s probably one of the best-serviced areas in all of Sydney when it comes to public transport. Depending on where you are in Beaconsfield, Green Square train station is just a five- to 10-minute walk away. There are also buses to Redfern Station and the city.

But depending on where you work and play, you may find yourself walking far more often than taking any form of transport. This is one part of Sydney where you can probably ditch the car permanently.

How Beaconsfield is changing

Over the past decade or so, Beaconsfield has become something of a foodie magnet. Residents can walk to eating spots bordering the suburb, such as the famous Grounds of Alexandria, Three Blue Ducks, and others. As Green Square takes on more residents and the amenities grow, so does the number of eating and drinking options.

We’re also seeing improvements to the streetscape, including the widening of streets and planting of more trees.

Then there are the new developments, which tend to be lower-rise and bespoke than those in neighbouring suburbs.

For instance, luxury development Victoria Garden on Victoria Street, Beaconsfield was completed in 2020 and includes several upmarket townhouses. Another eight townhouses were developed at 128-146 Queens Street and we’ve also seen similar low rise developments on William Street.

These kinds of developments help Beaconsfield retain its charm and sophistication while still allowing new residents to call the suburb home.

What next for Beaconsfield?

Our advice to anyone looking is that you cannot go wrong with Beaconsfield.

Its laid-back but urban setting, quality housing stock and proximity to virtually everything, will almost certainly make this one suburb that easily outperforms the Sydney-wide average over the coming years.

We recently sold 142 Queen Street, Beaconsfield. This five bedroom, 3 bathroom Torrens title home was spacious and modern and a great example of what is on offer in Beaconsfield. It featured off-street parking in a garage topped by a self-contained studio, and the main residence had an exquisite entertainers' level with a quality kitchen, a central atrium encased in glass.

If you’d like your own piece of this wonderful inner-city suburb, contact my team today.

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Contact our team today to find out more about how we can help you buy and sell in Sydney’s inner city and inner west.