How much will a bedroom add value to a home?

As the number of bedrooms in a home increases, so too does its value. This may seem fairly obvious, but the other question you may be asking is, does your location factor into this? The short answer is, yes!

Will a bedroom add value to a home?

We’ve knuckled down the numbers and compiled a list of the median value of homes in your suburb, based on the number of bedrooms the home has. So if you are looking to renovate, are hunting for a new home or just curious to know will a bedroom add value to a home, you’ve come to the right place. There will always be variants and risks when it comes to adding a bedroom such as blow-out costs, and it can be difficult to assess exactly what type of gains your could expect. However, this guide can work as a great starting point in your research.
Check out the tables below to view the home values in your suburb. Don’t forget to check the property value of your own home via View’s Property 360 tool as well!

Victoria

Suburb	Postcode	Overall Median Price	Median Price (2 bed)	Median Price (3 bed)	Median Price (4 bed)
Melbourne	3000	$1,190,000	$1,190,000
East Melbourne	3002	$4,212,500		$2,850,000	$4,275,000
West Melbourne	3003	$1,541,250	$970,000	$1,470,000	$1,717,500
Melbourne	3004
Southbank	3006	$367,000
Docklands	3008	$630,000	$630,000		$5,680,000
Seddon	3011	$990,000	$905,000	$960,000	$1,350,000
Footscray	3011	$945,000	$885,000	$942,500	$1,222,000
Kingsville	3012	$1,090,000	$860,000	$1,093,000	$1,205,000
Brooklyn	3012	$834,000	$1,005,000	$820,000	$955,000

New South Wales

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Suburb	Postcode	Overall Median Price	Median Price (2 bed)	Median Price (3 bed)	Median Price (4 bed)
Haymarket	2000
Dawes Point	2000	$200,000		$200,000
Sydney	2000
The Rocks	2000
Millers Point	2000	$2,570,000		$2,565,000	$2,905,000
Ultimo	2007	$2,717,500	$1,450,000		$3,985,000
Chippendale	2008	$1,675,000	$1,562,500	$1,650,000	$1,895,000
Darlington	2008	$1,730,000	$1,350,000	$1,850,000	$2,200,000
Pyrmont	2009	$2,020,000	$1,480,000	$2,390,000	$3,650,000
Surry Hills	2010	$1,700,000	$1,448,000	$1,700,000	$2,060,000

Showing 1 to 10 of 2,383 entries

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Queensland

Suburb	Postcode	Overall Median Price	Median Price (2 bed)	Median Price (3 bed)	Median Price (4 bed)
Petrie Terrace	4000	$775,000	$757,000	$775,000	$1,050,000
Spring Hill	4000	$955,000	$551,000	$875,000	$1,120,000
Teneriffe	4005	$1,600,000	$797,500	$1,345,000	$4,600,000
New Farm	4005	$1,326,500	$812,250	$1,250,000	$1,600,000
Newstead	4006	$2,700,000			$2,700,000
Bowen Hills	4006	$1,020,000		$800,000	$1,280,000
Herston	4006	$789,500	$670,000	$769,500	$1,200,000
Fortitude Valley	4006	$790,000	$435,000	$1,087,500	$790,000
Hamilton	4007	$1,247,500	$350,000	$887,500	$1,730,000
Ascot	4007	$1,400,000	$699,000	$1,049,400	$1,775,000

Showing 1 to 10 of 1,695 entries

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Tasmania

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Suburb	Postcode	Overall Median Price	Median Price (2 bed)	Median Price (3 bed)	Median Price (4 bed)
North Hobart	7000	$650,000	$550,000	$638,000	$787,500
Mount Stuart	7000	$630,000		$595,500	$840,000
West Hobart	7000	$650,000	$539,990	$635,000	$744,000
Glebe	7000	$745,500	$566,500	$745,500	$1,000,000
Hobart	7000	$742,500		$680,000	$853,000
Battery Point	7004	$1,095,000	$840,000	$890,000	$1,537,500
South Hobart	7004	$587,500	$497,375	$547,500	$715,250
Sandy Bay	7005	$880,666	$691,000	$780,000	$985,000
Dynnyrne	7005	$700,000		$610,000	$915,500
Mount Nelson	7007	$705,500	$348,000	$555,004	$741,500

Showing 1 to 10 of 513 entries

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South Australia

Suburb	Postcode	Overall Median Price	Median Price (2 bed)	Median Price (3 bed)	Median Price (4 bed)
Adelaide	5000	$702,500	$593,750	$825,000	$2,055,400
North Adelaide	5006	$947,500	$656,250	$888,000	$1,437,000
Welland	5007	$651,000		$601,000	$847,500
West Hindmarsh	5007	$545,050	$481,500	$570,100	$665,000
Bowden	5007	$496,200	$477,500	$487,400
Brompton	5007	$541,000	$440,000	$542,000	$890,000
Hindmarsh	5007	$620,500	$483,000	$662,750	$633,750
Dudley Park	5008	$430,125		$448,125
Devon Park	5008	$510,000	$505,000	$529,750	$484,750
Croydon	5008	$535,000		$567,500

Showing 1 to 10 of 962 entries

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Western Australia

Suburb	Postcode	Overall Median Price	Median Price (2 bed)	Median Price (3 bed)	Median Price (4 bed)
Perth	6000	$780,000	$600,000	$795,000	$842,000
Highgate	6003	$837,777		$878,500	$752,777
Northbridge	6003	$866,250	$582,500		$1,150,000
East Perth	6004	$900,000	$468,000	$1,085,000	$1,175,000
West Perth	6005	$634,000	$634,000	$690,000
North Perth	6006	$827,500	$776,250	$814,944	$1,015,000
West Leederville	6007	$1,087,500	$661,880	$960,000	$1,705,000
Leederville	6007	$925,000	$782,500	$895,500	$1,190,000
Daglish	6008	$1,037,500		$960,000	$1,582,500
Shenton Park	6008	$1,200,000	$806,000	$1,010,000	$1,365,000

Showing 1 to 10 of 680 entries

Northern Territory

Suburb	Postcode	Overall Median Price	Median Price (2 bed)	Median Price (3 bed)	Median Price (4 bed)
Darwin	800
Coconut Grove	810	$503,000	$390,000	$566,250	$750,000
Casuarina	810
Alawa	810	$468,000		$460,000	$620,000
Brinkin	810	$1,000,000			$915,000
Jingili	810	$560,000		$500,000	$620,000
Lyons	810	$740,000		$660,000	$741,500
Millner	810	$477,500	$330,000	$412,000	$585,000
Moil	810	$482,000		$463,500	$555,000
Muirhead	810	$650,000		$585,000	$697,500

Originally published by: How much will a bedroom add value to a home? – https://www.realestateview.com.au/blog/2018/04/bedroom-add-value-to-a-home/

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Will a bedroom add value to a home?

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