A partially demolished home with no floor and part of the roof missing is set to go under the hammer in a tightly held inner-city pocket, offering a rare bargain for buyers prepared to get their hands dirty.
Behind its charming Victorian terrace facade with iron lace balconies, a bare shell is all that remains of the once three-bedroom home.
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The home has been stripped back to the dirt floor. Picture: realestate.com.au
Partially demolished under an existing DA, buyers are greeted by a small section of original floorboards that now serve as a viewing platform over the gutted ground level.
The interiors have been stripped back to the dirt and the back of the house remains open to the elements, though character features like exposed brickwork, ceiling medallions and original fireplaces remain untouched.
Character features like original fireplaces remain. Picture: realestate.com.au
Selling agent Michael Montano of Montano Group said the home is one of the last untouched terraces in Darlington, a blue-ribbon suburb on the footstep of Sydney’s CBD.
“It epitomises that inner-city lifestyle in a trophy area close to universities, Newtown and Broadway,” Mr Montano said.
38 Ivy Street, Darlington sits on a quiet, tree-lined street. Picture: realestate.com.au
“Obviously it’s rare in how it presents itself, but it still has that terrace charm,” he said.
“It sits on a quiet tree-lined street, and has been partly demolished as a result of a previous DA. They commenced it, but haven’t finished it.”
The federation facade remains intact. Picture: realestate.com.au
With an auction guide of $1.15 million in a suburb where the median price of a three-bedroom house is $2.4 million, Mr Montano said astute buyers could add value through the existing DA, or make amendments for a dream city home – subject to council approval.
The home has been partially demolished. Picture: realestate.com.au
The 150 square metre block also comes with rare rear-lane access, accommodating off-street parking for one car.
One of Sydney’s smallest suburbs, Darlington encompasses just 0.38 square kilometres on the border of Redfern and Chippendale, with trains and buses to the city centre, Broadway Shopping Centre and Newtown’s vibrant King Street.
Rear-lane access is desirable for the area, which sits on the doorstep to the city. Picture: realestate.com.au
Known for its quiet, leafy streets lined with federation terrace homes, owners typically hold onto their properties for 10 and a half years on average according to PropTrack.
Renovated terraces in the suburb often sell for more than $2m. Picture: realestate.com.au
38 Ivy Street, Darlington is scheduled for auction on 29 August at 10am.
