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Wallace St, Ashfield NSW 2131

Street

Street Summary

Wallace St, Ashfield NSW 2131 is a local road where 39% of residences are houses. 4 homes sit above the street; 25 homes sit level with the street. 29 homes are heritage-listed, and 7 are recommended for a flood check. There are insufficient recent house sales to calculate a reliable comparison against the suburb, so buyers should compare recent sales of individual homes on the street against nearby comparable properties.


PART 1
Street Profile

Property Type Mix

The mix of houses and apartments (units) that make up the Wallace St, Ashfield NSW 2131 property market.

Houses vs Apartments75 total lots
38.7%
61.3%
Houses (38.7%)
Apartments (0%)
Townhouses/Villas/Unclassified (61.3%)

PART 2
Houses

"Houses" in this report includes detached houses, duplexes, and terraces.

Land Topography

How house lots on Wallace St, Ashfield NSW 2131 sit relative to street level — topography that affects drainage, flood risk, privacy, and build cost. Statistics are calculated from properties with available data.

High-side vs low-side house lots
High-sideFlat
4 lots
25 lots
High-side (1m above)
Flat
Low-side (1m below)

Risks &Overlays

See which key planning overlays and environmental risks affect this street before you buy.

Heritage
29 houses affected
Bushfire
0 houses affected
Flood
0 houses affected
High voltage power line
0 houses affected

Street Sales - Houses

Actual house sales on Wallace St, Ashfield NSW 2131 over the past 5 years, plotted against the Ashfield NSW 2131 median house price trend over the same period.

Street sales vs suburb median
Street SalesSuburb Median Price
$0$1.3M$2.5M$3.8M$5.0MSept 21May 23Jan 25Sept 26$1.8M · 2022$2M · 2023$2.1M · 2024$2.2M · 2025$2M · 2026$2M · 2024-09-03 · 16 WALLACE ST, ASHFIELD NSW 2131$1.2M · 2022-02-14 · 18 WALLACE ST, ASHFIELD NSW 2131$3.7M · 2025-07-04 · 24 WALLACE ST, ASHFIELD NSW 2131$2.2M · 2023-06-10 · 7 WALLACE ST, ASHFIELD NSW 2131
Turnover rate13.8%Past 5 years

PART 3
Apartments

Street Sales - Apartments

Actual apartment (unit) sales on Wallace St, Ashfield NSW 2131 over the past 5 years, plotted against the Ashfield NSW 2131 median apartment price trend over the same period.

Street sales vs suburb median
Suburb Median Price
$0$250k$500k$750k$1.0MSept 21May 23Jan 25Sept 26$730k · 2022$758k · 2023$827k · 2024$865k · 2025$885k · 2026
Apartment sales0Past 12 months
Turnover rate0%Past 5 years

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Living in Wallace St, Ashfield NSW 2131 : Street Profile & FAQs

Common questions about living on and buying property on Wallace St, Ashfield NSW 2131 — lifestyle, transport, and the local housing market.

Note: Data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census data and knest.ai internal statistical data.

Is Wallace St an expensive or affordable street relative to Ashfield?

There are insufficient recent house sales on Wallace St to calculate a reliable premium or discount against the Ashfield average. Buyers should compare recent sales of individual homes on the street against nearby comparable properties to gauge current market positioning.

What are the risk and overlay factors on Wallace St?

There are no bushfire or high-voltage powerline overlays on Wallace St. Heritage listings apply to 29 properties, meaning renovations or exterior changes may require additional council approval. Seven properties are recommended for a flood check, while 22 fall under other flood classifications indicating no flood risk identified or not mapped. Zero properties fall within a flood overlay.

Are properties on Wallace St mostly on high, level or low ground?

4 homes sit above the street; 25 homes sit level with the street. There are no homes recorded as sitting below the street. This creates a mixed profile with the majority of homes sitting level with the street. Buyers should assess the specific property rather than relying on the street average.

What type of road is Wallace St?

Wallace St is a local road. Local roads generally serve nearby residents and connect to larger collector or arterial roads. Speed limit data is unavailable, so traffic levels and noise cannot be objectively confirmed beyond the local road classification.

Is Wallace St mostly houses or apartments?

There are 75 residential properties on Wallace St. Houses make up 38.7% of the residential stock, while apartments make up 0%. The remaining properties are duplexes or terraces. Because apartments are absent, the street is not predominantly apartments, but houses do not represent the majority of the total residential stock.

What are the major apartment developments on Wallace St?

No major apartment developments are recorded on Wallace St. The street's apartment presence is limited to individual units or smaller developments not captured in the major project data.

How many properties have sold on Wallace St?

One house sold on Wallace St in the past 12 months, while zero apartments sold. The 5-year turnover rate for houses is 13.8%, representing the proportion of properties that changed ownership during the past five years. Apartment turnover data is unavailable.

Is Wallace St a good street to buy property on?

Wallace St is a local road with a mix of houses, duplexes, and terraces. It features 29 heritage-listed properties, which may limit renovation flexibility. The street has no apartment developments and a low turnover rate of 13.8% for houses. It may suit buyers comfortable with heritage constraints and local-road residential living.