Savvy buyers looking to get into glitzy Paddington on a dime, need to look no further than this terrace being auctioned off for the first time in 50 years.
Attracting strong interest around the $2 million mark, 67 Liverpool St is expected to sell for more than a million dollars less than what surrounding terraces have recently sold for in the suburb.
“Renovated and redesigned Paddington terraces, even without off street parking have recently reached as much as $4 million,” Dean Jarman of Ray White Paddington said.
“Price tags of $3 million-$3.5 million are pretty common place today for the right street and position.”
Due to go to auction on December 14, the deceased estate is being sold as a historic chance to own an original five-bedroom bedroom terrace.
Mr Jarman said with most of the prized terraces in the prestige suburb already renovated, it is a rare and exciting event to find one in less than an ideal shape.
“This property and particularly it’s condition is quite rare to find today,” he said.
“Buyers look for these original homes in the area because Paddington has always been a very creative market place and those with the vision to recreate their own masterpiece.”
The interior layout is largely unchanged from when the terrace was constructed and offers a blank canvas for buyers. There is even a possibility for buyers to conduct an extension renovation and transform it into a modern dwelling.
The two-storey property is full of character charm and features high ceilings, period fixtures and a 4.8m frontage. There is even an original oven and stove that dates back more than 50 years installed inside.
There are three bedrooms on the ground floor, along with two living rooms and two kitchens. Upstairs has a bathroom featuring a toilet and shower, as well as several more bedrooms and a sunroom.
The inner city terrace is a short walk to Kings Cross, Oxford St and is only three blocks from St Vincent’s Hospital. City bound buses depart 20m from the front door of the property on MacDonald St.