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151 Elizabeth Street, Ashfield NSW 2131

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$2.2M - $2.42M High Confidence Calculated based on strong search observations.

House 5 Beds 2 Baths 1 Car 511 m²

Listed: 3 days ago

Overview

This substantial freestanding residence on a generous 511 square metre parcel presents an exceptional opportunity in Ashfield, combining traditional character with redevelopment potential (subject to council approval).

The property currently comprises a spacious 3-bedroom main house complemented by a separate 2-bedroom flat at the rear, featuring individual entrances and electricity meters. This dual dwelling arrangement maximizes flexibility, whether for extended family living, rental income generation, or future renovation options.

Its wide 15.24 metre frontage and wide driveway leading to a secure lock-up garage add to both practicality and appeal, suggesting strong scope for a duplex-style redevelopment if desired. The home retains several original features such as high ceilings and classic joinery, offering a character-filled canvas for modernization or renovation.

Situated within convenient walking distance to Ashfield Station, the Mall, Aquatic Centre, as well as a variety of cafés and restaurants, it combines suburban convenience with lifestyle benefits. This makes it particularly appealing to investors seeking value and potential, families looking for space with options to grow, or developers aiming to capitalize on an accessible and well-established location.

Spacious 5-bedroom configuration combining main house and separate flat
Wide frontage beneficial for redevelopment opportunities
Retains period charm with high ceilings and traditional features
Separate services to flat afford tenant privacy and income potential
Close proximity to major transport links and local amenities enhances lifestyle and convenience

Overall, the property offers a rare blend of character, space, and future flexibility in a sought-after locale, presenting a distinctive proposition for a range of buyers.

Local Market Insights

In Ashfield, Quiet Listings observed 4 new houses entering the market over the last 30 days, down from 6 during the previous 30-day period, with an average advertised asking price of $2,175,000. The property type mix of listed properties is predominantly Apartments at 57%, followed by houses (29%), and townhouses (14%). The most active agency for houses in the Ashfield area is currently Elders Real Estate, representing 50% of new listings, followed by Raine & Horne with 25%. 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.