15 Palace Street, Ashfield, NSW 2131

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Auction - Martin Lorello and Guy Lorello

Versatile property package with huge potential

Currently configured as two separate apartments, this solid freestanding home is ready to be lived in yet holds vast untapped potential to further enhance or redesign and truly capitalise on its prime Inner West location. Set on a large 569sqm north-to-rear level block with dual street access, it offers so many options with scope to use as an investment with immediate rental returns or a great renovation project. Either way, it represents a unique prospect with a big future and is located central to Ashfield’s major transport and shopping hub, with Peace Park and Pratten Park within a stroll.

Two separate two-bedroom apartments both with private entry

Scope to use as a dual living investment with solid rental returns

A deep north-facing garden with sunlit deck and grassed area

Separate studio with bathroom and access from the rear lane

Lock-up garage and workshop with mezzanine storage at the rear

Potential to redesign or transform into a single residence (STCA)

In a boutique street footsteps to the bus stop and Graham Reserve

Easy walk to the train station, schools, cafes and restaurants

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Residential Sales Executive
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Property Info:
  • Property ID: L15885436
  • Property Type: House
  • Garages: 1
  • Land Area: 569.0 sqm
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R&H Suburb Profile: Ashfield

R&H Suburb Summary Houses
Number of sales 88
Average Price $1,922,972
Median Price $1,700,000
Median Rental Price $600 p.w.
Change in Rental Rate (5yr) -6 %
R&H Suburb Summary Units
Number of sales 313
Average Price $746,009
Median Price $730,000
Median Rental Price $418 p.w.
Change in Rental Rate (5yr) -9 %
Ashfield, NSW - Median Trend