58 Forbes Street, NEWTOWN, 2042, New South Wales

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Subject: 58 Forbes Street, NEWTOWN, 2042, New South Wales

Auctioned

Auctioned for $1,382,000 (Mar 15, 2014)

Pure potential in a privileged tree lined position

Property ID: 6168974

It may be in need of a creative renovation but this traditional Victorian terrace could become a superb family home in the right hands. It is one of the last remaining original properties in what is considered to be one of the best streets in north Newtown and offers outstanding potential for a redesign or transformation to make it a prestige modern residence.

The home is in solid order and has high ceilings and many original details. The two level layout includes large lounge and dining areas, three upstairs bedrooms, front terrace and an upstairs bathroom. A rear yard has a separate laundry, extra w/c and a lock-up garage with access from the back lane.

This is an excellent opportunity to enter the prized north Newtown market and will bring unlimited rewards for those wishing to capitalise on such a sought-after tree lined position within a stroll to Hollis Park, King Street’s cafe scene and a choice of transport options.

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R&H Suburb Profile: Newtown

R&H Suburb SummaryHouses
Number of sales 172
Average Price $1,513,330
Median Price $1,460,000
Median Rental Price $765 p.w.
Change in Rental Rate (5yr) 20 %
R&H Suburb SummaryUnits
Number of sales 196
Average Price $722,931
Median Price $821,000
Median Rental Price $500 p.w.
Change in Rental Rate (5yr) 16 %
Newtown, NSW - Median Trend
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