Buy a whole street for the price of a Sydney apartment

For the price of a one-bedroom apartment in the Sydney CBD, you could scoop up an entire street with 22 houses. 

A street in Gloucestershire, UK, is on the market for £1,575,000 ($AU3,000,000). 

The lot includes 12 terraced houses, eight semi-detached houses, two freestanding houses, and two mixed-use buildings. 

Many of the houses are decrepit and in need of total renovation. However, others are ready to move into. 

At $3 million, it’s certainly not a small sum – but buyers of the Gloucestershire property will get a staggering amount of bang for their buck. 

In contrast, the same amount in a bougie inner-city suburb of Sydney is just enough to buy a small apartment. 

In the harbourside suburb of Milsons Point, a two-bedroom apartment overlooking the Cahill Expressway recently sold for $3.088 million. 

SOLD - $3,088,000

1305/88 Alfred Street, Milsons Point NSW 2061

2

2

1

View property

And a yet-to-be-built one-bedroom apartment in Barangaroo sold for $3.3 million – more than the price of the entire 22-house street. 

SOLD - $3,300,000

26F/88 Barangaroo Avenue, Barangaroo NSW 2000

1

1

1

View property

In fact, the median apartment price in harbourside suburbs like Darling Point and Barangaroo is well into the millions. 

The Gloucestershire listing offers excellent value for money in comparison. 

The incredibly low price has attracted scepticism from social media users, with some speculating that the auction guide price has been lowballed. 

“Guessing guide price for auction is set low to entice potential bidders maybe?” a user said on the Reddit thread r/SpottedonRightmove. 

Others suggested that the local area was “shabby” and “isolated”, potentially reducing competition for local property listings.