Another dilapidated Surry Hills terrace hits the market

Another dilapidated Surry Hills terrace hits the market
Another dilapidated Surry Hills terrace hits the market

A sweeping trend across Sydney's inner east suburbs are sales of dilapidated terrace.

In need of full renovations of at least a couple of hundred thousand dollars, the homes are still fetching $1.5 million plus.

The latest to hit the market is a terrace on Reservoir Street that hasn't traded in over three decades.

Last sold for $85,000 in 1985, the three level terrace isn't completely run down.

A transformation had begun but was never finished, so there are newer elements to the attic and staircase.

BresicWhitney Darlinghurst agents Lincoln Westerman and William Phillips have set a buyers guide of $1.5 million for its November 18 auction.

Last month another Surry Hills terrace, in a state of almost disrepair with missing ceilings, sold for $1.6 million in five days.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Surry Hills Terrace Sale

Comments

Be the first one to comment on this article
What would you like to say about this project?