Real Estate

State Government selling second public housing property in Narraweena

State Government selling second public housing property in Narraweena
Written by The ReReport
As seen in the Source link, written by on 2019-05-15 13:00:00

Hot auction — 32 Edward St, Narraweena.

A State Government-owned public housing property in the northern beaches suburb of Narraweena is set to go to auction next week — the second in as many months.

The two-bedroom, full brick home at 32 Edward St, is expected to attract plenty of interest from first home buyers and young families.

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It is the second public housing property to be sold by the government in the suburb so far this year. In March, 67 Oceana St was sold under the hammer for $1.15 million.

The latest property in Edward St, is in original condition and offers plenty of potential, either as a renovation project or a knockdown/rebuild (subject to council approval).

Neat street appeal — 32 Edward St, Narraweena.

Room to run.

James Hawley, of Stone Real Estate Dee Why, said the property was attracting a lot of interest, with about 85 groups through in the first 10 days since it hit the market.

He said that while there was no official price guide on the property, due to it being a State Government-owned asset, there were recent sales to compare it to.

“I would expect it’s going to sell for around the same money (as 67 Oceana St), it’s a very similar property,” he said.

Bring your paintbrush.

And your imagination.

The house is on a 689sqm block and centrally located close to Narraweena shops, cafes, schools and transport.

The interiors have been untouched and provide a blank canvas for renovators. The home is solid brick and has high ceilings, large lounge room, eat-in kitchen with gas cooking and adjoining laundry. There are two bedrooms and an original bathroom.

Original bathroom.

Blank canvas.

Mr Hawley said the property was attracting interest from first home buyers and young families, and interestingly, downsizers as well. They liked the potential for building a granny flat in the back yard, he said.

“It’s going to be a good auction,” he said.

The property will go to auction on May 25, at 10am. For more information, contact James Hawley, or Brett Evans, of Stone Real Estate Dee Why.