No. 5/41 Roslyn Street, Rushcutters Bay, has a $225k price guide.
It’s just a tiny 31 sqm space in a rundown state but parents are considering this Rushcutters Bay studio with a $225k price guide as a first home for their children.
“We also had investors considering buying it with their super,” says ~ Delaney of BresicWhitney of Saturday’s open home.
Delaney had 60 inquiries on the first day that 5/41 Roslyn Street hit realestate.com.au.
There’s also been considerable interest from builders seeing the potential of the company title unit in the character-filled building.
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The apartment has built-in wardrobes and a pull-down bed.
The apartment has high decorative ceilings, a stained-glass window, built-in wardrobes, a pull-down bed and shared rooftop with district views.
They’re thinking they could do a cheap reno and on-sell it at a much higher price.
There were 15 groups through Saturday’s open home. “We also had a couple of lowball offers, with one guy offering $150k,” Delaney said.
“It’s quite run down so that’s turned a few people off.”
On the positive side, it’s in a good location close to the city.
Builders are considering it as something they could do up cheaply and on-sell for a higher price.
It’s an easy walk to the harbour, CBD and Kings Cross station.
Some of the older people viewing the property liked that it was close by St Lukes Private Hospital.
The current owner had lived there for 18 years, but has recently moved into aged care.
The apartment is scheduled for October 8 auction.
The post Studio in exclusive Rushcutters Bay up for sale with $225k price guide appeared first on realestate.com.au.