A surprisingly compact home in one of Perth's most prestigious suburbs has defied expectations by selling for a staggering $1.6 million, despite occupying a tiny 209 square metre block. The Nedlands property at 5/15 Hampden Road demonstrates that in Australia's competitive real estate market, location often outweighs size when it comes to property value.
Premium Price for Compact Living
The three-bedroom, one-bathroom home attracted significant attention before being snapped up by buyers willing to pay top dollar for its prime Nedlands location. The final sale price of $1.6 million represents extraordinary value for a property of this size, highlighting the intense demand for well-positioned real estate in Perth's western suburbs.
Acton Real Estate agent Daniel O'Shea confirmed the successful sale, noting the property's appeal to downsizers and investors seeking a foothold in the coveted suburb. The home's modern renovation and strategic positioning on the block maximised its living potential, creating an attractive package despite the limited land area.
Strategic Design Maximises Small Space
What the property lacks in land size, it makes up for in thoughtful design and premium finishes. The single-level residence features an open-plan living area that flows seamlessly to outdoor entertaining spaces, creating an illusion of spaciousness uncommon in properties of this scale.
The 209 square metre block accommodates not just the dwelling but also includes a private courtyard and parking, demonstrating how intelligent design can transform limited space into functional luxury living. The property forms part of a boutique group residence, offering community benefits while maintaining privacy.
Recent renovations throughout the home ensured it met modern expectations, with quality fixtures and finishes that justified the premium price point. The property's condition and move-in ready status proved major selling points for time-poor professionals seeking low-maintenance luxury living.
Location Trumps Size in Competitive Market
The sale underscores a growing trend in Australian real estate where prime location commands higher premiums than physical size. Nedlands remains one of Perth's most sought-after suburbs, known for its proximity to the CBD, riverfront position, and prestigious schools.
This transaction follows similar patterns seen in other capital cities where compact, well-located properties achieve remarkable sale prices. The Nedlands result suggests Perth's property market continues to show resilience and strength, particularly in blue-chip suburbs where land scarcity drives competition.
Property experts note that downsizers empty-nesters and young professionals are increasingly driving demand for smaller, low-maintenance homes in premium locations. This demographic shift is reshaping suburban property values and challenging traditional notions about what constitutes value in Australian real estate.
The successful $1.6 million sale of this compact Nedlands property sends a clear message to the market: in today's competitive environment, strategic location and quality design can outweigh pure land size when it comes to property valuation and buyer appeal.
