A tightly held Inner West opportunity with immediate income and long term potential
Set in a peaceful, tree lined street just moments from the Bay Run and light rail, this offering combines established income with a clear path to growth.
The front building is configured as three well presented, income producing homes, delivering cash flow from day one. Behind it lies a development ready parcel with direct lane access via Grove Lane, a rare opportunity to add a high quality new dwelling STCA while retaining the existing earnings.
- Three distinct Apartments generating immediate income
- Total land holding approximately 457m²
- Rear parcel prepared for development
- Direct lane access and services in place
- Quiet lifestyle setting moments from parks, cafes and transport
Features
5 bedrooms
5 bathrooms
directions_car2 carspaces
2 open car spaces
crop_free457 m² lot size
cottageBlock of units
Property history for 38 Grove St
2017
Sold
$2,405,000
Auction Sale on 14 Mar 2017 by William Pereira, of Raine & Horne Marrickville | Dulwich Hill
Happy sellers in Lilyfield
87%
sentiment_very_satisfied
87% of sellers in Lilyfield reported that their sale price either exceeded or met their price expectations.
Lilyfield stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 52 reviews in Lilyfield over the last 12 months.
Local market activity for 5 bedroom block of units in Lilyfield
Sold
For Sale
For Rent
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