Renovate or detonate – 34 Judith St, Seaforth.
When it comes to value, this Seaforth property is all about the block – the house is a bonus.
The north-facing, 581sqm block, at 34 Judith St, Seaforth, slopes from back to front, making it easy for a knockdown/rebuild, and it is located in a sought-after spot, close to everything.
There is a big backyard which has a gate in the fence leading out to a football field – paradise for families with children of all ages.
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And the potential is huge – a second storey could provide potential views to the CBD and the Harbour Bridge, and the land definitely lends itself to a granny flat or swimming pool (all subject to council approval).
And the football field beyond.
The covered back terrace.
It’s a blue ribbon location too – Wakehurst golf and tennis clubs are close by, along with Manly Dam Reserve and a plethora of walking and bike trails. Transport to the CBD is within walking distance and it is 5-10 minutes from Manly and beaches.
For families with young children, the property is in the catchment zone for reputable Balgowlah North Public School.
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But before you start calling the architects to see how available they are for inspection day, don’t be too quick to write the existing house off.
The original, three-bedroom weatherboard cottage has some flaws – which necessitate the need for strategically placed buckets in the lounge room when it rains to catch the wayward drips – but it has potential to be updated or renovated.
The lounge room.
Bright and airy bedroom.
Wayne Blackley, of Blackleys Estate Agents, is marketing the home with the novel catchphrase “Free House with your Land Purchase”, spruiking the “bonus existing features (that) include brand new fencing, double carport and garden shed.”
“Rarely does an opportunity present to create your own residential masterpiece in an already prestigious suburb, the realestate.com.au advert reads.
“With a price range that reflects the cost of land, consider the dwelling our gift to you!”
Mr Blackley said there was no sugar coating the condition of the house, but it might well appeal to renovators as much as detonators.
“The house needs lots and lots of work,” he said. “It’s liveable, but when it rains you’ve got to put two buckets down to catch the water that comes in.”
He said it would have been easy to automatically pigeonhole this property as a knockdown/rebuild, but, with its $1.55 million price guide, he could see this would limit the potential buyers.
“The land is in a great spot, and if you market it as a knockdown, you might miss those other people who may be out there and can see potential,” Mr Blackley said.
“To a lot of people the house will be useless, but to other people, they can peel it right back and start again”
The quirky advertising move is one the market is seeing more and more of, as real estate agents across Sydney get more creative in their quest to find that ever elusive buyer in a challenging market.
“You’ve definitely got to think outside the square, especially in the market we’re in,” Mr Blackley said.
The property is for sale by private treaty.