Millers Point Government terrace selloff now gives closer sale price guidance

Three more surplus government-owned property at Millers Point have been sold adding $6.7 million towards social housing projects in the suburbs.

They were all on Kent Street including 51 Kent Street (pictured above), which is an 1855 terrace that sold at $2.45 million. The price guidance was $2 million to $2.2 million.

The Georgian-style terrace had been listed for auction last night through Peter Starr at McGrath Estate Agents.

The terraces at 39 and 49 Kent Street also sold.

The 39 Kent Street terrace sits in a row built for solicitor/politician Sir George Wigram Allen. It sold at $1,725,000, having been listed with $1.5 million to $1.6 million price guidance.

The 49 Kent Street terrace fetched $2.54 million, having been listed with a $2 million to $2.2 million price estimate. It appears the Millers Point Government terrace selloff now gives closer sale price guidance than initially given when the sales campaigns kicked off las year.

The 47 Kent Street was auctioned last year at $1.64 million.

Properties sold late last year included 24, 28 and 32 Argyle Place fetching $2.3 million, $2.35 million and $2.15 million respectively.

The NSW government is proceeding with plans to sell the remaining 284 properties so funds can be reinvested back into the public housing system.

The government-owned properties in Millers Point secured a total of $21.9 million from its initial nine sales.