In a rare display of pure potential, this original Victorian terrace represents an exciting opportunity to buy into a sought-after north Newtown address and add some excellent value. The dilapidated property is crying out for an update or complete renovation to give it a new lease on life, and is now being offered to them market for the first time in over 36 years.
The home’s rundown interiors have seen better days, but feature solid bones and a great flexible layout that will be easy to work with. There are separate lounge and dining areas, high ceilings, timber floors and an original fireplace, along with a functional gas kitchen and a large-sized bathroom with freestanding clawfoot bathtub. Two upstairs bedrooms include a main that opens onto a traditional lacework balcony, plus there is access to a large attic level storage space.
Out the back is a deep level garden that comes with the added bonus of having access to the rear lane and potential to add an off-street car space, subject to Council approval. There is also plentiful on street parking available at the front.
The property is perfect buyers or investors looking for a renovation project that could bring enormous appeal in the future. This boutique tree-lined street is just footsteps to Hollis Park and within easy walking distance to local cafes, Eveleigh Farmers’ Market, King Street dining and a choice of train stations.
|R&H Suburb Summary||Houses|
|Number of sales||214|
|Median Rental Price||$750 p.w.|
|Change in Rental Rate (5yr)||0 %|
|R&H Suburb Summary||Units|
|Number of sales||132|
|Median Rental Price||$450 p.w.|
|Change in Rental Rate (5yr)||-10 %|