40 Melrose Pde · Clovelly NSW 2031

Clovelly suburb intelligence · all Sydney suburbs

Clovelly suburb ← Back to board
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Currently listed

4 bed · 2 bath · 2 car · House · 426 m² land

View the live listing →

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

CONSERVATIVE
$5.75M
the calibrated floor
LIKELY FAIR RANGE
$5.75M–$8.63M
around $7.18M mid
STRETCH CAP
$8.63M
$10.29M on the wider 80% band

Confidence: Low — based on 29 comparable auction sales (1 of this exact configuration) · model runs ±20% for this configuration · confidence held at Low — under 20 same-configuration sales · adjusted for this block's land size · thin comparable support for this configuration — read the range as wider, not as a warning · the model's typical miss is ~11% against published results — every hit and miss

What we've tracked

  • 25 July 2026 auction: Passed in (Ray White Eastern Beaches)
  • 14 Aug 2026 our tracking restarted after a six-week portal gap — the campaign start is unknown, this is not a listing date

Comparable auction sales

AddressConfigSoldWhen
12 Shackel Av4 bd · 3 ba$8.25MAug 2024
72 St Thomas St4 bd · 3 ba$3.64MAug 2024
8 Clifton Rd4 bd · 3 ba$4.95MJuly 2024

Suburb risk flags

crime index: 41 — around sydney average · 26 min walk to Randwick Light Rail · ~25 min light rail 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 Clovelly — suburb × configuration matches, not hyper-matched to this address
  • Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
  • Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment

Rent evidence — asking vs transacted, Clovelly · postcode 2031

$2038–$2494/wk is what 4-bed houses in 2031 actually transact for (middle half of 14 bonds lodged, Q2 2026 · median $2275/wk — NSW Fair Trading, CC BY).


2019Q1 → 2026Q2: $1100 → $1500/wk · +4% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for houses in 2031, 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.

Land — for a house, the land is the asset

426 m²

A house's size is its land. An apartment's advertised "size" can include car space and balcony — the two are never comparable and this site never pools them. Lot details and planning controls sit under Explore the area.

Development potential — how Randwick City Council treats the work you might do

Refuses 3.23% of the development applications it decides · off-street parking 5.36% (determinations to Nov 2023).

The full outlook — every category with confidence ranges, which plan elements come unstuck, and the heritage effect by category — is under Explore the area.

Published auction results at this address

Auction weekResultPriceAgency
25 July 2026Passed inwithheldRay White Eastern Beaches

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

⏭ It passed in — what happens next — the question the listing stops at

Across Sydney, homes that passed in and later sold went for about 6% less than comparable homes that sold under the hammer.

Half sold within 33 days, 76% within three months.

Like-for-like within bedroom and property-type groups · 64 comparison groups across Sydney, sales settled in the last two years. Based on passed-in homes that later sold. Homes that never sold aren't in the figure, so read this as what a sale fetches — not what the home is worth. Passing in is a negotiating position, not a verdict — this is evidence about outcomes, never advice on what to offer.

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.