Surprise in store on this $6m waterfront block in Drummoyne

You can take a dip, although there is nowhere to sleep yet, at this waterfront property in Sydney’s inner west.

The limited-edition address is on the market with a guide of $6 million.

A semi-razed home and luxury infrastructure, including an in-ground swimming pool, are already in place.

Currently a land-value proposal with trophy home prospects, the property will be auctioned on April 12 through PRB Real Estate.

It is rare to find a blank canvas address with an established swimming pool and deep-water mooring.

The pool and jetty are in very good condition, agent Marcello Biviano says. However, the home at 378 Victoria Place, Drummoyne, will require attention.

Its position on Parramatta River provides a front-row seat to a private marina.

The property’s mooring pen can hold a sizeable cruising vessel.

The labour to remove the house has started. Impressive homes on either side should inspire the new owner.

The outlook over the Gladesville Bridge Marina ensures there will always be magnificent views.

“It is such a rare offering,” Biviano says. “Buyers are a mixed bag. We have upsizers – those who want to get onto the waterfront.

“And then there are the downsizers, who are looking to build a luxury home.

“Or, it could be a multigenerational family who will build and develop it into two properties on the one lot. Because of the zoning, you have that capacity.”

The 628-square-metre block is covered by R3 zoning, which enables applications for dual occupancy, townhouses, terraces, villas and apartments.

A development approval for apartments was previously in place and provides a reference point for buyers who may wish to take that path, Biviano says.

“It is great to have the marina on one side, and residential homes next door rather than apartments,” Biviano says.

“I am looking forward to seeing who will purchase it and what they will do with it.”

SOLD - Price Withheld

378 Victoria Place, Drummoyne NSW 2047

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For Sale | Morgan Davies-Forsyth

18/347 Victoria Place, Drummoyne NSW 2047

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The two-bedroom pad is in a marina-view block with a swimming pool and jetty, only 200 metres from river walks.

Auction | Angela Saidi & Chris Wilkins

11/64-66 Wrights Road, Drummoyne NSW 2047

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The Sydney Harbour Bridge view is only one of the highlights of this modern apartment, which has not one but four glass balconies.

Guide $4,000,000

7/68-70 Wrights Road, Drummoyne NSW 2047

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House-sized proportions grace this apartment, with a deep, L-shaped terrace and an iconic vista in a complex with a tennis court, pool and boat shed.