A Sydney renovator with impressive views has sold for a seven-figure sum.
The three-bedroom, two-bathroom home at 88 Rowntree Street in Birchgrove, charmed a buyer at auction on June 22, selling for $2.8 million, as stated on the listing.
Listing photos reveal front-on views of Sydney Harbour Bridge from the upper level, making for an ideal New Year’s Eve vantage point.
Andrew Liddell and Madeleine Este of BresicWhitney Balmain handled the property campaign.
The property is situated on a double-width block of approximately 221 square metres, with an internal floor area of about 145 square metres. This equates to $19,310 per square metre.
Domain’s Price Per Square Metre Report, released in March, reveals Sydney has the significant lead and remains the most expensive capital at $2590 per square metre.
Sydney is the only capital commanding more than $2000 per square metre and is 41 per cent more expensive than Melbourne at $1838.
The Victorian terrace is described on the listing as having “huge potential for renovation and reinvention”.
Interiors feature floorboards, high ceilings, concrete floors in some rooms, whitewashed walls, partially-completed tiling and two retro-style kitchens.
There is a courtyard and terrace for entertaining, however, the crème de la crème is by far the front-on views of Sydney Harbour Bridge.
Birchgrove is located 5km west of the CBD. While there aren’t enough sales in the suburb to determine a median house price, experts predict house prices will surpass $1.7 million in Sydney by the end of Financial Year 2025.
Domain’s Forecast Report for Financial Year 2025 reveals a new record high between $1.73 million and $1.76 million could be achieved if forecast growth of six to eight per cent eventuates.