THE last remaining house on a Cammeray street is on the market and its fate may change the street forever.
The rundown three-bedroom property at 9 Kyngdon St is dwarfed by apartments and townhouses, which line the road on both sides.
R3 zoning has seen houses knocked down by keen developers over time and also applies to the final house, on a tiny 355 sqm block.
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R3 allows for dual occupancies and multi-dwelling housing, but 30 per cent of the block must be landscaped.
The kitchen needs a bit of work.
It generally allows buildings to be constructed to a maximum height of 12 metres.
Garwood Estate Agents’ James Garwood said the home is primed for development.
“You could easily put a duplex or townhouses on the block, or if you’re a family, build two properties and rent one out,” he said.
The only limitation for developers Mr Garwood said, was the narrow street frontage.
The former owner of the deceased estate had never sold, despite multiple offers, Mr Garwood said.
The house is surrounded by apartment blocks because of the street’s R3 zoning.
The home has wood panelling on the walls.
“He had been offered a lot of times to sell the property, but he always refused,” he said.
“In fact the developers behind the apartment block next door even offered him money plus a free apartment to get him to sell.”
Mr Garwood said it was his home, so he didn’t want to move out no matter what developers tried to offer him.
Scheduled to go to auction on November 24, the blank canvas is currently not liveable and needs some major work done to it, including rewiring the entire home.
The buyer will have a blank canvas to work with.
All the carpet has been pulled up throughout the house.
But with a guide of $1.75 million, it represents fantastic value, Mr Garwood said.
“For an R3 zoned block, it is great value to get the opportunity to develop a dual residence or something like that, he said.
The property has off street parking for up to three cars currently, plus a generous backyard and shed.
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