A historic home nestled in a highly coveted harbour-side Sydney setting, has hit the market at an asking price seldom seen in the area.
Set to go to auction on March 15 with an advertised price guide of $2.4 million, 10 River Street, Birchgrove is set amongst an exclusive row of just a handful of properties.
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Sales agent Andrew Liddell from BresicWhitney Balmain said the circa 1900, three-bedroom, three-bathroom home has been used as a rental property over the past few years, and has DA approved plans in place for a modern four level, two bedroom home.
Waterfront homes in the area typically sold between $8 million and $25 million. Picture: realestate.com.au
“I would say it’s pretty rare to be in I guess what’s considered to be a waterfront position, considering waterfronts in Balmain Birchgrove probably start at $8 million and they go up to $25 million,” he said.
“There was a house being offered last year a few doors down – granted it was newly renovated and bigger – but they were chasing $15 million for that.”
The home has DA approved plans in place for a modern four level, two bedroom home. Picture: realestate.com.au
The future buyer could also buy and live in the character home as is, Mr Liddell said.
Highlights of the property include a 115sqm landholding leading down to the water, north east views of Cockatoo Island, stone benchtops in the kitchen, which is located on the top level and water views from all levels.
The existing kitchen has stone bench tops. Picture: realestate.com.au
The home is also walking distance to Darling Street and Birchgrove Park.
Homes in this pocket of Birchgrove were tightly held and came up for sale perhaps every few years, Mr Liddell said.
The future buyer could also buy and live in the character home as is. Picture: realestate.com.au
Interest has been good in the short time the property has been listed for sale, he said.
“I think it’s (the buyer) probably an executive that wants to do something really cool, but doesn’t necessarily have a big family but wants to entertain and be down by the water,” he said.
Highlights of the property include a 115sqm landholding leading down to the water. Picture: realestate.com.au
