Darlinghurst

Dilapidated ‘labour of love’ Sydney is a BARGAIN at $1.68million

PHOTO: 463 Liverpool Street (pictured, centre) is due to sell at auction on June 19 – and is in a prime Sydney location

  • Mostly derelict, partly-renovated Darlinghurst terrace for sale for $1.68million
  • It has been gutted and could be flipped for a major profit and sold at $2.5million
  • Median house price in the inner city suburb is now $1.9million with high demand

A partly dilapidated Sydney terrace that was ‘a labour of love’ for the previous owner has hit the market for a whopping $1.68million – but could net a small fortune for a keen-eyed developer.

The two-storey, two-bedroom, Victorian terrace in Darlinghurst looks like the stereotypical ‘renovator’s delight’ – the perfect candidate for a knock-down, rebuild.

And with prices in the Sydney property market expected to continue climbing, it could prove a strong investment – with experts predicting it could nearly double in value.

Shanty or a steal? 463 Liverpool Street is a two-storey Victorian terrace that is an ugly duckling but could also be a profitable project for buyers, It is up for sale for $1.68million but after a refurbishment could re-sell for up to $2.5million. The courtyard is pictured

Shanty or a steal? 463 Liverpool Street is a two-storey Victorian terrace that is an ugly duckling but could also be a profitable project for buyers, It is up for sale for $1.68million but after a refurbishment could re-sell for up to $2.5million. The courtyard is pictured

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