So this one is really half a house, which is what made me so interested in it. There’s a fantastic sense of eeriness about it – particularly in the contrast between the still semi-intact front rooms and the construction site behind. It’s a grand Victorian terrace frontage in one of Redfern’s best streets that’s had the back stripped off it in order to rebuild, but the owners changed their minds and decided to exit, leaving an unusual proposition for redevelopers and owner-occupiers looking to build a home they can customise.
There’s something a little overpowering about standing in a shell of a room – exposed brick walls, the works – looking out at the bare bones of the structure while standing underneath an ornate ceiling with its light setting still attached. It reminds you of what it once was.
A little context to the area. This gem is in Redfern’s most coveted pocket, right near the park and rubbing shoulders with Surry Hills (a spot that agents sometimes call ‘Redfern East’. NB: no such suburb exists. Maybe it should, to be fair, because the suburb is pretty diverse). The street is leafy and wide. It’s very clean-safe-inner-city-living. As someone who spent three years in Alexandria, I can say with confidence that Redfern is a suburb with many faces. This is its wealthiest. It’s not an up-and-coming part; it’s well and truly there already. We’re talking low-mid seven figures for an entry level terrace.
David Servi, the listing agent, noted that it’s difficult to ascertain value here given the nature of the offering. “You’ve got to work back from what you think the finished product will be worth,” he said. It’s being auctioned on 2 November – I just realised I can’t make it, which is unfortunate as I’d love to see how the bidding progresses and what this one ends up being priced at.
I thought you might be interested in seeing what it once was, and luckily the sold listing is still up.
Redfern has (unsurprisingly to anyone who’s been interested in the inner-city market over the past decade or so) been increasingly positioned as a sub-set of the Surry lifestyle; it contains my favourite diner (Milk Bar by Cafe Ish – they have malteser pie and rosewater milkshakes. Unbeatable) hole-in-the-wall cafes (Nookie) and small bars (The Dock, amongst others). If you’re priced out of the east side and are looking at how to enter the market here as affordably as possible, you’ll probably have to start looking a bit further south, because even The Block has started to exceed the $800k mark. Darlington’s seen its median jump over that point, too. Waterloo still has a median in the low $700k zone, and has one of the inner-south’s best eating and design strips (Danks Street, everyone’s perennial favourite). It also offers easy access to the eastern suburbs and a pretty simple commute to the city. The only thing to be wary of is the tract of high-density apartment blocks that have sprouted up there over the past decade, and the suicide towers, which can be a little spooky.