Marrickville substation conversion fails to ignite weekend auction buyer interest

A former electrical sub-station at 42 Philpott Street, Marrickville failed to sell at weekend auction.

The three-bedroom designer home was passed in at $1,005,000 through Dani Chahine of Sydneyside Real Estate. Higher offers are being sought.

It last traded as a decommissioned sub-station in 2011 for $515,000.

The redundant electricity substation on a 77-square-metre block at Marrickville ranks as one of the 1,000 substations that were built across Sydney from the late 1870s as the demand for electricity grew throughout the city.

There were approved plans by Tanner Architects (pictured below) for conversion the Marrickville property into a 159-square-metre, three-bedroom, two-bathroom abode with roof terrace with louvered pergola on its 2011 offering which had been subdivided off the neighbouring Globe Mills apartment development.

While many are simple designs, the Marrickville substation was built to fit into the architecture of its factory surroundings. It comes with three high steel roller shutter doors.

The initial weekend auction clearance rate dipped to 75.5%, according the Australian Property Monitors, down on the previous weekend’s revised 77.8% result.

The inner west hosted the most auctions with 164 followed by the upper north shore with 135, the city and east 121, the south 112, the lower north 110, the west 65, Canterbury Bankstown 60 and the northern beaches with 50 auctions scheduled.

The most popular suburbs for auctions was Mosman on the lower north and Maroubra in the city and east each with 14 auctions listed.