04.06.2022 Local News

The Changing Face Of Centennial Park

The Changing Face Of Centennial Park

When people think of Centennial Park, they often think of, well, the park itself.

But the small suburb bearing the same name offers some of Sydney’s very best real estate in an unexpectedly secluded setting.

When people think of Centennial Park, they often think of, well, the park itself. But the small suburb bearing the same name offers some of Sydney’s very best real estate in an unexpectedly secluded setting.

Secluded, yet central, we take a look at what Centennial Park has on offer.

An undiscovered gem?

Heard the expression everything old is new again? Centennial Park is a case in point. Once a generational suburb, where people moved in and stayed a lifetime, it’s gradually changed. We’ve observed more houses have sold, and more frequently in recent years, which has brought a new and younger demographic to the area and placed fresh attention on its stately homes. In fact, Centennial Park’s growing fashionability recently saw it join the “$20 million club” according to Domain.

Centennial Park is right next door to the buzz of Paddington, Woollahra and Bondi Junction. But many streets feel more like the countryside than a big city. That’s partly because the greenery of the park spills out through the streets, creating perhaps the leafiest suburb in Sydney’s Eastern Suburbs. It’s also because of the estate-like appearance of many of the suburbs’ grand homes, some of which wouldn’t look out of place in Country Style magazine.

Centennial Park’s grand heritage homes actually make up just 9.4% of properties in the suburb. Another 9% of residences are terraces or townhouses.

So grand estates aren’t all Centennial Park has to offer homeowners. It actually boasts a diversity of properties, including more affordable homes than many people might think, with 80% of the dwellings in Centennial Park comprising apartments. Many of these are located inside a couple of blocks at the Moore Park Road end of the suburb and were built during the 1970s.

As of January 2022, the median price for a house in Centennial Park was $7.38 million or $860,000 for a unit.

And anyone lucky enough to live here gets the best of both worlds – a quiet, relaxed lifestyle that’s within comfortable walking distance of the cafes and restaurants of Paddington and Woollahra Village.

As of the last census, 48.8% of households – or almost half – were families, while 42.2% were single-person households, well above the national average of 24%. Meanwhile, 9% are group households, again, around double the national average.

A stellar location

In Centennial Park, buyers can find similar landholding and homes to Bellevue Hill, but in a location that offers all the lifestyle options of Paddington and Woollahra.

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Centennial Park borders both Paddington and Woollahra, meaning you can amble up to the shops, bars and restaurants, then wander back home again. In fact, many homes in Centennial Park are closer to Woollahra village than homes in Woollahra are. Plus, all the amenities of Bondi Junction are just across the park.

The Sydney Cricket Ground and the Football Stadium are a few streets away, as are Moore Park driving range and golf course, Randwick Racecourse, the Entertainment Quarter, and much more.

The park is a huge drawcard, but families are also drawn here by the nearby choice of excellent public, selective and private schools. Once the kids have left school, UNSW is very accessible too. The light rail runs past the Anzac Parade end of the suburb while the Moore Park end is well serviced by Oxford Street’s bus routes.

Quintessential Centennial Park properties

If you want a gorgeous, private home on a substantial block, it’s hard to do better than Centennial Park.

The suburb comprises just a handful of streets, most notably Lang Road, Martin Road, Robertson Road and Cook Road. Although the park itself attracts visitors all year round, the streets offer a secluded feel.

From 1904, the suburb’s land was subdivided for “mansion” houses to fund the park’s development. As part of the subdivision, strict building requirements designed to keep Centennial Park exclusive specified that buyers couldn’t build timber or terraced houses. Most homes were built grandly in the Federation, Arts and Crafts, Victorian or Old English styles. This continues to give the suburb its opulent, old-world charm.

According to NSW Heritage information, the fact that many of the original homes had garages – and therefore cars – shows just how prosperous the original inhabitants of the subdivision were.

The legacy of this is that Centennial Park is still famous for its grand homes, like 24 Lang Road, which sold within 10 days of being listed. This five-bedroom lavish property retains many original features, encompasses land over 1000sqm and was recently listed for sale. We also sold 14 Lang Road, another five-bedroom property redesigned by architect Luigi Roselli, earlier this year. These two properties equalled the suburb record for Centennial Park, beating the previous record held for 44-46 Lang Road we achieved in 2018.

Want more?

If Centennial Park is on your watch list, get in touch with our team today.