58 Camden Street, Newtown, NSW 2042

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Auctioned for $2,210,000 (May 13, 2019)

Rare buying, large block and residence brimming with options

A substantial 379sqm block with a wide 10m frontage, versatile residence with two fully self-contained levels and a blissful park-side setting all come together to make this an outstanding buying opportunity. The options are many for the astute buyer, investor or developer with redevelopment potential (subject to Council approval) excellent income options or the ability to create an enormous family home. It also provides the option of living in one level and renting out the other.

The freestanding terrace is neat, tidy and very solid presenting well for those wishing to utilise immediately. Each level boasts private entries, generous separate living rooms, three bedrooms, modern eat-in kitchens and bathroom. The lower residence includes a front courtyard and internal laundry with 2nd WC. The upper level home includes a sunroom off the master bedroom.

Additional features comprise large side and rear yards, laundry facilities at the rear, two large storage rooms, a single garage plus ample additional off street parking. Northerly facing, it sits in a quiet, leafy pocket promoting peace and privacy. Recently rented as 2 separate dwellings with a total income of $95,680pa, make this a very enticing investment opportunity. Newtown’s lifestyle is there to enjoy being a quick stroll to King Street shops and cafes, bus, rail and Newtown High School of The Performing Arts.

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R&H Suburb Profile: Newtown

R&H Suburb Summary Houses
Number of sales 169
Average Price $1,496,239
Median Price $1,395,000
Median Rental Price $795 p.w.
Change in Rental Rate (5yr) 6 %
R&H Suburb Summary Units
Number of sales 77
Average Price $713,429
Median Price $680,500
Median Rental Price $490 p.w.
Change in Rental Rate (5yr) 9 %
Newtown, NSW - Median Trend