38 Phillip St, Balmain NSW 2041
Balmain House
Technical details
How this sale compares
Sold for $2,750,000 in Jun 2026, up $870,000 (46%) on the $1,880,000 paid in May 2018. That is about 4.8% a year over 8.1 years.
Over the same period the median house price in Balmain rose 40%, from $1,950,000 in 2018 to $2,737,500 in 2026.
The 2026 sale was in line with the Balmain median house price for that year ($2,737,500 across 66 sales).
At $19,770 per square metre of land, it compares with a Balmain median of $15,926 per square metre over the last 12 months.
Balmain medians use NSW Valuer General sales of $50,000 or more, leaving out part-interest transfers and contracts covering several properties, and need at least 10 sales in the period. See Balmain sold prices by year.
Rent and yield
Houses in postcode 2041 rented for a median $1,200 a week, from 312 bonds lodged Oct 2025 to Sep 2026.
On its last sale of $2,750,000 on 26 Jun 2026, that rent is a gross yield of 2.3% a year, before costs and vacancies.
Median weekly rents from residential rental bonds lodged with NSW Fair Trading, by postcode. This home's own rent may differ. See rents by bedrooms in Balmain.
Planning controls
- Zone
- R1 General Residential
- Minimum lot size
- 200 m²
- Floor space ratio
- 0.5:1, and clause 4.4 2B (b) also applies here Floor area allowed for each square metre of site
- Heritage conservation area
- Town of Waterview Heritage Conservation Area
From the Inner West Local Environmental Plan 2022 maps on the NSW Planning Portal, looked up at this address's map point on 22 Oct 2026. A control can cover only part of a site and plans change, so the council's planning certificate is the formal record. Planning data from the NSW Department of Planning, Housing and Infrastructure, CC BY 4.0.
Related sales
Sale history
Sold is the contract date, when the sale was agreed. Settled is the date ownership transferred.
| Beds | Baths | Cars | Title reference | |||
|---|---|---|---|---|---|---|
| 26 Jun 2026 | 20 Jul 2026 | $2,750,000 | - | - | - | A/159035 |
| 29 May 2018 | 1 Aug 2018 | $1,880,000 | - | - | - | A/159035 |
$2,750,000 Sold 26 Jun 2026
Settled20 Jul 2026
Beds-
Baths-
Cars-
Title reference: A/159035
$1,880,000 Sold 29 May 2018
Settled1 Aug 2018
Beds-
Baths-
Cars-
Title reference: A/159035
Recent sales on Phillip St
Sold in the last two years.
- 22 Phillip St, Balmain 2041 $2,650,000 sold 2 Jul 2026, 133 m²
- 15 Phillip St, Balmain 2041 $2,650,000 sold 13 Feb 2026, 206 m²
- 21 Phillip Street, Balmain 2041 $2,300,000 sold 16 Jun 2025, 127 m²
Recent sales nearby
Sold in the last 12 months within about 400 metres.
- 48 Mort St, Balmain 2041 $3,250,000 sold 4 Sep 2026, 270 m²
- 12 A Theodore St, Balmain 2041 $3,901,000 sold 28 Aug 2026, 246 m²
- 77 Beattie St, Balmain 2041 $2,105,000 sold 17 Jul 2026, 82 m²
- 18/6 Thames St, Balmain 2041 $1,125,000 sold 15 Jul 2026
- 2 Ford St, Balmain 2041 $3,150,000 sold 13 Jul 2026, 151 m²
- 38 Clayton St, Balmain 2041 $2,725,000 sold 12 Jul 2026, 138 m²
- 27 Short St, Balmain 2041 $2,382,500 sold 9 Jul 2026, 145 m²
- 4/6 Turner St, Balmain 2041 $743,000 sold 3 Jul 2026