489 Balmain Road, Lilyfield, NSW 2040 | Property Value & History | OnTheHouse
OFF MARKET

489 Balmain Road
Lilyfield NSW 2040

Bedrooms: -
Bathrooms: -
Car spaces: 4
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Property Details for 489 Balmain Rd, Lilyfield

Building Type
Commercial
Local Government
Inner West
Lot/Plan
13/DP658614

Last Listing description (December 2022)

Multi purpose dwelling with two street frontage

Located in this highly sought-after location in Lilyfield, this well presented and versatile property is over two levels. The ground level has been the home for "The Beauty Lounge" which has been operating for 24 years.

Features Include:
- Land Area: 196 sqm approx.

- Building Area: 295 sqm approx.
- Vacant Possession available
- Ideal for occupiers or investors
- Rear Lane Access for four (4) car spaces and off-street parking
- Courtyard can be used as outdoor entertainment or display area
- Light filled open upper level with four skylights
- Four toilets 2 downstairs and 2 upstairs
- Separate front and rear staircases to upper level
- Two kitchenettes 1 downstairs and 1 upstairs
- Separate Electrical and Gas meters for Upstairs and Downstairs
- Possible for two front entries to separate upstairs from downstairs
- Flexible uses: including showroom, manufacturing, distribution, retail etc
- 5.9m approx. frontage to Balmain Road
- In prime position, located opposite the scenic Callan Park Grounds
- On and near arterial roads providing easy access throughout the Sydney Metropolitan Area

A complimentary copy of the Building & Pest Report can be downloaded here https://harrispartners.com.au/sites/default/files/Building%20and%20Timber%20Pest%20Inspection%20Report.pdf

Property History for 489 Balmain Rd, Lilyfield, NSW 2040

A timeline of how this property has performed in the market
Last Sold
$2,375,000
06 Jul 2023
  • 20 Oct 2022
    Listed for Sale Not Disclosed
  • 08 Nov 2021
    Listed for Sale $3,200,000
  • 11 Sep 2013
    Sold - Price Undisclosed
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About Lilyfield 2040

The size of Lilyfield is approximately 2.2 square kilometres. It has 17 parks covering nearly 9.9% of total area. The population of Lilyfield in 2016 was 7616 people. By 2021 the population was 7641 showing a population growth of 0.3% in the area during that time. The predominant age group in Lilyfield is 40-49 years. Households in Lilyfield are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lilyfield work in a professional occupation.In 2021, 62.60% of the homes in Lilyfield were owner-occupied compared with 60.90% in 2016.

Lilyfield has 4,463 properties. Over the last 5 years, Houses in Lilyfield have seen a 28.42% increase in median value, while Units have seen a 29.54% increase. As at 30 April 2026:

  • The median value for Houses in Lilyfield is $2,640,118 while the median value for Units is $1,371,332.
  • Houses have a median rent of $1,050 while Units have a median rent of $650.
There are currently 7 properties listed for sale, and 13 properties listed for rent in Lilyfield on OnTheHouse. According to Cotality's data, 121 properties were sold in the past 12 months in Lilyfield.

Suburb Insights for Lilyfield 2040

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.