The selling agent says a brand new Torrens Title home at Keiraville offers considerable appeal to buyers within the area looking to downsize.
The home for sale at 47 Grey Street, Keiraville, ‘Lumière’, is part of a knockdown and rebuild project.
In 2015, the property was trumpeted as an opportunity to develop (subject to council approval), and create a new start.
In original condition, circa 1900, the home offered street frontage to both Grey and William streets.
“Opportunity is knocking extremely loud throughout this property as it is the first time it has reached the market in 100 years, and with so much potential it presents as an uncut diamond waiting to be shined to its full value,” agents at Belle Property said at the time.
It sold in 2015 for $620,000.
The initial single-dwelling residence connected from Grey Street to William Street was situated on a long, narrow block.
“The owners purchased it at auction, and then have subdivided the lot into two lots,” agent, Darren Kay, principal at Belle Property Wollongong said.
“Then they’ve created this residence at the front, and they’re building another one that connects to William Street at the rear.
“The one at the rear of the property they’re (the owners) building for themselves and will be living in.”
‘Lumière’ is a brand new three-bedroom, two-bathroom Torrens Title home.
It will go to auction on Friday, September 1.
“It’s quite a clever design,” Mr Kay said.
Its open-plan living forum flows through timber framed glass stacking doors to the spotted gum hardwood entertainers’ deck. Features include Blackbutt timber flooring, and a sleek kitchen with quality appliances and stone bench tops.
Other features are rainwater tanks, hidden storage throughout and a study/fourth bedroom/second living area option.
Mr Kay said an estimated selling price was still being confirmed, but said it would likely appeal to both retirees and a “time poor, young executive couple”.
He said the bulk of those who had expressed interest were Illawarra residents.
“It’s an opportunity for downsizers in Keiraville in large homes to stay within the village, and reside in a low-maintenance property on a Torrens Title block.
“Many people who have been living in certain suburbs all their lives (and are looking to downsize)… Generally their options are to move into an apartment within Wollongong and live that low-maintenance lifestyle.
“But that doesn’t always suit people who have been living there for generations with their families.”