Tired old terrace sells for a thumping sum – Nine

by | Dec 12, 2023 | Engineer

This Sydney home – long past its prime – has been in the same family for 100 years, back when an Aussie house cost about $6000.
Today, the fatigued Paddington terrace, after a century, has sold for $3,385,000.
At 40 Glenview Street, the house is a time capsule and looks like a movie set inside. Its period charm is evident, although the paint is peeling and the fireplaces have seen better days, and the vibrant city-edge suburb hums and evolves around it.
When the property was launched on the market by BresicWhitney Inner East, it had price hopes of $2.5 million, the agency advised. The deal was done at auction on December 9 by BresicWhitney Inner East agents Maclay Longhurst and Emily Davidson.
The "scope" provided by the double-storey terrace, on 158 square metres, is enormous, given the plum postcode and substantial corner location, the listing explained.
Described as a "classic Victorian terrace" with a preserved façade, it is ripe for renovation and rejuvenation, in a suburb where the median house price is $3.15 million (representing five-year growth of almost 32 per cent, according to Domain data).
Dual access is via both Glenmore and Liverpool Streets.
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The terrace features a traditional layout of formal rooms, speaking to its era.
The floorplan is versatile – it opens on the ground floor into a living room-style space, with a fireplace, and another of the same dimensions beyond (also with a fireplace). Several rooms (including a bathroom) unfold past this point.
On the side is a courtyard and a shed. Upstairs are several more rooms and another bathroom.

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The property is in an area of Sydney known for its period homes, and the character of the Paddington's streets have been lovingly retained.
Victorian terraced buildings, especially along Oxford Street, are icons of the neighbourhood, known for its galleries, shops, bars, heritage pubs, restaurants and market.
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