2/499 New South Head Rd · Double Bay NSW 2028

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The Property Brief — what the evidence shows. You draw the conclusion.

CONSERVATIVE
$1.59M
the calibrated floor
LIKELY FAIR RANGE
$1.59M–$2.02M
around $1.8M mid
STRETCH CAP
$2.02M
$2.42M on the wider 80% band

Confidence: Low — based on 52 comparable auction sales (11 of this exact configuration) · model runs ±12% for this configuration · confidence held at Low — under 20 same-configuration sales · the model's typical miss is ~11% against published results — every hit and miss

Comparable auction sales

AddressConfigSoldWhen
3/15 Gladswood Gdns2 bd · 1 ba$1.94MSept 2025
7E/45 Ocean Av2 bd · 1 ba$2.13MJuly 2025
1/30 William St2 bd · 1 ba$2.02MJune 2025
2/15 Gladswood Gdns2 bd · 1 ba$1.95MMay 2025
9/22 Ocean Av2 bd · 1 ba$1.6MApr 2025
11/30 William St2 bd · 1 ba$1.8MMar 2025

Suburb risk flags

crime index: 60 — around sydney average · 1 min walk to Double Bay Wharf · ~20 min ferry to the CBD · trains ~every 4 min at peak

Where every number comes from
  • Fair value: AI PropertyEye price model 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
  • Comps: published Domain auction results for Double Bay — suburb × configuration matches, not hyper-matched to this address
  • Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment

Rent evidence — asking vs transacted, Double Bay · postcode 2028

$925–$1250/wk is what 2-bed units in 2028 actually transact for (middle half of 53 bonds lodged, Q2 2026 · median $1075/wk — NSW Fair Trading, CC BY).


2019Q1 → 2026Q2: $750 → $1050/wk · +6% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2028, all bedroom counts pooled.

Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.

Growth trend — Double Bay units at auction

Too few same-bed sales for a measured growth rate yet. Recent quarterly sold medians (all unit sizes — thin samples move these):

2023Q3 $1285k (6) · 2024Q3 $1648k (4) · 2024Q4 $1525k (7) · 2025Q2 $1988k (4)

Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.

Published auction results at this address

Auction weekResultPriceAgency
18 July 2026SoldwithheldSydney Sotheby's International Realty

From Domain's published weekly auction results — individual outcomes as published; withheld prices stay withheld.

Agencies' own published sales nearby — Double Bay, around 2 beds

AddressSoldPriceBedsAgency
2/36 Manning Roadby 17 Aug 2026$1,108,0002Sydney Sotheby's International Realty

Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.

Sale history — the official settled-sale record at this address

ExchangedPriceChange since prior sale
17 July 2026 $1,240,000

Settled-sale records from the NSW Valuer General's Property Sales Information. Dates are contract (exchange) dates; sales appear only once lodged, so the most recent months are incomplete and revise upward — never read the latest month as final. Two entries on one date are usually a single transaction recorded across parts. © State of New South Wales (Valuation NSW).

Want the numbers agents don't volunteer?

Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.

Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.