287 Glebe Point Road
Glebe, NSW 2037

Overview

287 Glebe Point Road, Glebe

This property presents an exceptional opportunity for buyers or investors to acquire a large traditional residence with multiple options for use and development. Located on Glebe's prominent thoroughfare, it is within walking distance to vibrant cafes, restaurants, and convenient transport links. This grand tri-level Victorian terrace has been on the market for the first time in over 40 years, offering a unique prospect with significant potential for the future.

Currently configured as an eight-room low-cost accommodation dwelling, the property offers excellent income-earning potential. Each room is well-presented, featuring timber floors and kitchenettes, catering to tenants seeking affordable living arrangements. The property includes two bathrooms and a shared laundry, complemented by high ceilings and additional storerooms, enhancing its functionality.

The private landscaped back garden provides a tranquil outdoor space with rear access to Lombard Lane, which also offers potential vehicle access subject to council approval. From the upper levels, there are views overlooking the fish market and Blackwattle Bay, adding to the property's appeal.

Potential income earnings are estimated at approximately $105,000 per annum when fully tenanted, reflecting strong rental demand and solid annual returns. The location offers outstanding growth prospects and rental capacity, making it an attractive investment option.

Easy access to the water's edge, light rail, and the Sydney Fish Market enhances lifestyle convenience. There is also the possibility, subject to council approval, to revert the property back into a grand family residence, or to update and extend the existing structure to suit modern living requirements.

• Tri-level Victorian terrace with eight lettable rooms
• Well-presented rooms with timber floors and kitchenettes
• Private landscaped back garden with rear lane access
• Views to the fish market and Blackwattle Bay from upper levels
• Two bathrooms plus shared laundry, high ceilings, storerooms
• Potential rental income approx. $105,000 per annum fully tenanted
• Strong growth and rental capacity with solid returns
• Close to water's edge, light rail, and Sydney Fish Market
• Option to revert to grand family residence subject to council approval
• Rear vehicle access via Lombard Lane subject to council approval

Change History

Location