394 Cleveland Street
Surry Hills, NSW 2010

Overview

Gateway opportunity in the heart of Surry Hills

This original Victorian terrace is a classic example of Surry Hills architecture, offering a unique opportunity in a highly sought-after location. Positioned opposite the vibrant Surry Hills Village and Wunderlich Lane, this two-storey home has been held by the same owners for 36 years, presenting a rare chance to acquire a property rich in character and history.

The home features classic period details and a traditional layout, providing an excellent foundation for renovation or redevelopment subject to council approval. Freestanding to the east on a dual access block, it includes secure parking accessed via Goodlet Lane, enhancing convenience and flexibility.

With potential to extend at the rear or build upwards, this property is ideal for first home buyers, investors, or developers looking to capitalize on its promising prospects. The availability of neighbouring terraces for purchase further increases the potential for consolidation and value enhancement.

Located within close proximity to Crown Street's dynamic dining and entertainment precinct, and just 400 meters from the light rail, the property offers excellent connectivity to the city and surrounding beaches. This prime inner-city location benefits from the NSW Government's evolving zoning framework, which encourages higher density and mixed-use development, supporting strong long-term growth.

• Prime inner-city location, freestanding to one side
• Classic two-storey layout with parking at the rear
• Three bedrooms, two featuring fireplaces, one with a sunroom
• Polished timber floorboards and high ceilings throughout
• Living room with a fireplace and an eat-in kitchen
• Sunny north-facing courtyard with room to extend (subject to council approval)
• Flexible layout suitable for live/work or creative space
• Character, location, and significant scope to add value
• Opposite Wunderlich Lane and Surry Hills Shopping Village
• Walking distance to Crown Street's entertainment scene
• Within Bourke Street Public School catchment area
• Close to public transport including light rail
• Easy access to the city, harbour, and beaches
• Water and council rates are approximately $228 and $408 per quarter respectively

Location