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Overview
This character-rich Victorian terrace is a grand three-level residence with substantial potential for renovation and redevelopment within the inner city. The property, dating back to the 1890s, offers a significant land holding of approximately 149 square meters and spans across three stories, featuring eight bedrooms and three bathrooms.
Designed with versatility in mind, its current layout enables a wide range of uses including a bespoke inner city dwelling, a boutique business, or a creative hybrid of residential and commercial functions, subject to the necessary council approvals (STCA). The property benefits from a north-facing aspect that ensures natural light throughout the day.
On the entrance level, the home includes a gas-equipped kitchen and living area that open onto a rear courtyard, offering both indoor and outdoor living options. Rear lane access via James Street provides convenient entry and exit, along with the advantage of off-street parking for one small car, which is a valuable feature in this location.
Strategically located, the property is positioned approximately 600 metres from Central Station, around 1.2 kilometres from the University of Technology Sydney (UTS), and 1.5 kilometres from the University of Sydney, making it ideally suited for professionals and students alike. This proximity to key transport and education hubs enhances its appeal and rental prospects.
Investors will find the property attractive due to the gross annual rental income recorded at $99,278 per annum, indicating strong ongoing rental yield potential within this vibrant and sought-after rental precinct.
This terrace presents a rare opportunity combining architectural character, substantial scale, and flexible design possibilities—ready to be transformed into a remarkable property that capitalizes on the lifestyle benefits of Redfern and its inner-city environs.
Local Market Insights
In Redfern, Quiet Listings observed 9 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $2,133,333. The property type mix of listed properties is predominantly Apartments at 57%, followed by houses (43%). Bresic Whitney was the most active agency in this area, representing 33.3% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Redfern NSW 2016
Market Insights for Redfern NSW 2016
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
