450 Parramatta RoadPetersham NSW 2049
Property Details for 450 Parramatta Rd, Petersham
Last Listing description (August 2026)
IB Property is pleased to present 450 Parramatta Road, Petersham a rare corner freehold offering outstanding development potential and previous use rights as the renowned Clarence Hotel.
Set on a 487sqm* landholding and fully renovated throughout, the property boasts a total net saleable area of 721sqm*, Zoned E1 Local Centre with an FSR of 1.5:1 and a height limit of 14 metres, the site is primed for a variety of future uses including residential, co-living, student accommodation, commercial, or hotel (STCA).
Importantly, the property sits within a precinct flagged under Inner West Councils broader push for increased housing density, supported by recent Transit-Oriented Development (TOD) planning proposals. The corner of Crystal Street and Parramatta Road where this property sits has been specifically referenced in media reports as a potential focus area for future uplift.
450 Parramatta Road presents an exceptional opportunity for developers, investors, or owner-occupiers to secure a versatile, high-profile asset with significant future upside in one of Sydneys most vibrant inner-west locations.
Key Selling Highlights:
- Valuable development upside, renovated.
- Building area: Basement 98sqm, Ground floor: 435sqm, level 1: 188sqm = TOTAL 721sqm
- Net saleable area 721sqm*
- Land area 487sqm*
- Favourable zoning E1 Local Centre, FSR 1.5:1, Height 14m
- Convenient location I.e close to retail strip/village, train stations, bus services to CBD, restaurants, cafes, amenities and any other major infrastructure
For more information, please contact the exclusive selling agents.
Property History for 450 Parramatta Rd, Petersham, NSW 2049
- 24 Aug 2026Listed for Rent - Price not available
- 22 Jun 2026Listed for Sale 2500000.0000
- 01 Feb 2018Listed for Sale For Sale - Price on Request
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About Petersham 2049
The size of Petersham is approximately 1.3 square kilometres. There are 6 parks, covering nearly 5.5% of the total area. The population of Petersham in 2016 was 8116 people. By 2021 the population was 8200 showing a population growth of 1.0% in the area during that time. The predominant age group in Petersham is 30-39 years. Households in Petersham are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Petersham work in a professional occupation.In 2021, 47.70% of the homes in Petersham were owner-occupied compared with 47.30% in 2016.
Petersham has 5,148 properties. Over the last 5 years, Houses in Petersham have seen a 9.32% increase in median value, while Units have seen a 5.17% increase. As at 31 July 2026:
- The median value for Houses in Petersham is $2,150,445 while the median value for Units is $867,226.
- Houses have a median rent of $1,045 while Units have a median rent of $660.
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