NSW government raises nearly $33 million from sale of 12 more Millers Point properties

NSW government raises nearly $33 million from sale of 12 more Millers Point properties
NSW government raises nearly $33 million from sale of 12 more Millers Point properties

Twelve more properties in Sydney's Millers Point were auctioned by the NSW government to fund its social housing scheme across the state.

The auction, through McGrath Estate Agents, fetched $32.85 million, taking the total to $182.73 million from 70 properties sold to date in Millers Point.

Proceeds from the sale will fund 1,500 new dwellings across the state, with 590 new, fit-for-purpose social housing dwellings funded to date, the government announced.

Conservation Management Plans (CMPs) endorsed by the NSW Heritage Council are included in contracts for sale for all heritage listed properties in Millers Point. These contracts ensure new property owners are fully informed of their responsibilities when purchasing a heritage listed property.

The auction results are as follows:

44 Kent Street – a four-bedroom two storey terrace in mid-Victorian style with cantilevered balcony and decorative iron balustrade, sold for $2.385 million.

53 Kent Street – sold for $3 million. It is a three-bedroom three storey residence, one of a pair of Georgian style terraces with added Victorian-era cantilevered balcony.

79 Kent Street (left) – formerly three one-bedroom apartments and two studios, forming the southernmost portion of Winsbury Terrace, sold for $3.2 million.

83 Kent Street – sold for $2.52 million. It is a three-bedroom terrace with an Italianate style mid-Victorian front wing.

15, 21, 25 & 29 Windmill Street – sold for $1.772 million, $1.98 million, $1.75 million and $2 million respectively. These are three-bedroom dwellings built in 1907–1908 in the Arts and Crafts style. The properties have state significance as examples of early twentieth century public housing developed by the NSW Government Architect’s Branch.

52 & 54 Argyle Place – sold for $3.265 million and $3.08 million respectively. Part of a row known as Undercliff Terrace, these properties were built in 1843 for whaling captain George Grimes and are one of the earliest terrace groups surviving in Sydney.

17 Lower Fort Street – sold for $3.9 million. A three to four bedroom terrace, formerly a boarding house, and part of the Milton Terrace.

19 Lower Fort Street (left) – sold for $4 million. Formerly four studio apartments, also part of the Milton Terrace, built in the Victorian Classical style.

The biggest sale since the start of the selloff was for Darling House, which secured $7.7 million, $1.7 million over its auction guide during auction in late February.

Tags: 
Auctions Sydney

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