Small but vibrant, Beaconsfield has transformed over recent years into an appealing residential area in a highly desirable location.
While less well-known than neighbouring Alexandria and Green Square or nearby Waterloo, the small inner-city suburb of Beaconsfield is gaining popularity with buyers and investors for good reason. Bordered by Botany Street and O’Riordan Street, it’s a peaceful little suburb that’s big on character, with a great address.
Located just five kilometres from the Sydney CBD, the area is a thriving inner-city suburb. It’s surrounded by great amenities, public parklands, and excellent public transport infrastructure.
Property market update: Beaconsfield real estate
Beaconsfield’s property market has gone from strength to strength, with its mix of low-rise and medium to high density residential housing. Of occupied private dwellings, the 2016 Census data found that 50.4% were semi-detached, row or terrace houses and townhouses while 36.7% were apartment units.
The suburb represents good value for investors with houses in Beaconsfield renting out for $820 per week with an annual rental yield of 2.9% and units renting for $600 per week with a rental yield of 4.0%. Based on five years of sales, Beaconsfield has seen a compound growth rate of 4.1% for houses and -2.5% for units.
Five fascinating facts about Beaconsfield
It was once part of Alexandria
The suburb was named after Benjamin Disraeli, known as “Lord Beaconsfield”, a British prime minister during the reign of Queen Victoria. The area was formerly part of the suburb of Alexandria but was officially gazetted on 10 June 1977.
It’s home to some architectural gems
There’s some interesting period architecture to be found here, particularly on tranquil Victoria Street. Many worker-style terraces in the area were originally designed to house labourers in nearby industries but have been renovated and modernised over the years while still retaining their historical character and street appeal.
There are parks aplenty for locals to enjoy
Local Beaconsfield Park is a popular place with its modern, shady children’s playground, ideal for both kids’ parties and barbecues. Also nearby is Alexandria’s Perry Park, which features a recreational centre and basketball courts. Not to mention, of course, that the wonderful, award-winning Sydney Park, with its cycleways, skate park, sports oval, outdoor exercise areas, and vast off-leash areas for dog owners, just a stroll away.
It’s heaven for foodies
Locals can walk to many popular eateries including the Grounds of Alexandria, wholesome food hotspot COOH, and Three Blue Ducks. Also nearby is The Cannery Rosebery, an old soup canning warehouse transformed into a foodie destination filled with purveyors of deliciousness including Black Star Pastry, Archie Rose Distilling Co. and the Argyle Smokehouse and Butchery. Or, get your groceries at the East Village Shopping Centre, which is also home to several restaurants including locally beloved Lucio’s Pizzeria and East Phoenix Chinese Restaurant, for starters.
It’s compact in both size and population
The 2016 Census data revealed that there were just 987 people living in Beaconsfield. It’s popular with both young professionals and families with children making up 12.9% of the population. This pocket rocket of a suburb measures only 0.2 km² and locals love its compact size.
If you’re interested in making vibrant Beaconsfield your home, contact us today.
Photo credit: City of Sydney website