A 41 sqm terrace affectionately labelled as a ‘doll house’ has received demand from first time buyers looking for an apartment or an entry-level property.
Considered to be one of the Inner West’s smallest homes, 5 Avon St in Glebe had been used as an investment property for the past 30 years prior to being offered to market.
Up for auction on the 15th April, the two bedroom and one bathroom property has been guided for $1.1m.
It has been listed via BresicWhitney’s Renae Dickey, who told The Daily Telegraph that much of the demand for the home had come from buyers in the sub $1.5m range.
“We coined it the ‘dolls house’ for its petite footprint, duck-egg blue front door, and the fact that when you go upstairs, it has an amazing view of the city out the bedroom window.
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“This could be classified as an ‘entry-level home’ pricewise, but the view makes it pretty special, as does the location, so is something a bit different for purchasers within that range.”
Jillian Harbug is the vendor for the investment property and is planning to sell as she and her husband are now based in Canberra.
Ms Harburg said the property would be ideal for first time buyers and foodies who want to live near the Fish Markets and cafes on Glebe Point Rd.
“While we never lived in the home, we think it’s a cute little property for someone to buy and move in. Our friends in Sydney consider Glebe to be a fabulous place to live, it’s the ultimate home for a 20-year old buyer entering the market.
“It’s also ideal for buyers who work in the city, as its moments away from Blackwattle Bay and the light rail.”
The Avon St property is considered to be one of the more affordable terraces in the area, with Glebe’s median price slightly rising by 1.2 per cent to $2,25m over the past year.
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