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| This property at 39 Kent St, Millers Point, is expected to fetch more than $1.6 million. Source: Supplied |
A FURTHER 12 properties will soon be sold as a part of Government Property NSW’s Millers Point sell off, with the first three of the lot currently on the market.
A three-bedroom terrace at 39 Kent St is expected to sell for more than $1.6 million at auction, in line with the prices fetched for some of the previously sold properties.
A four-bedroom terrace at 51 Kent St and a five-bedroom terrace at no. 49 are also currently on the market and are expected to fetch well above $1.6 million.
McGrath Edgecliff’s Peter Starr, who is listed as a selling agent on two of the three properties, said the homes had received a good number of inquiries since being listed on April 13.
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| McGrath agent Peter Starr is selling two former public housing properties in Millers Point. Source: Supplied |
He said buyers were attracted to the style and location of the homes and wanted to take advantage of the opportunity to buy the heritage properties, despite some of them being in a dilapidated state.
“No. 39 would probably require a bit more work than the other two, the other two are definitely
livable,” Mr Starr said.
He said the heritage conservation guidelines that came with the properties had not deterred buyers.
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| The home at 39 Kent St, Millers Point requires a bit of work. Source: Supplied |
Late last year, City of Sydney Lord Mayor Clover Moore proposed a plan to change the guidelines and prevent buyers from extending the homes in any way.
As a result, the NSW Heritage Council has asked for the area’s planning controls to be reviewed.
NATIONAL TRUST: MILLERS POINT SALES WILL DEVASTATE AREA’S HERITAGE
RESIDENTS RALLY TO SAVE HOMES
“The City’s view is that the existing height and floor space of a property within the Millers Point Heritage Conservation Area should be used as the new planning control. Minor changes to properties may be considered if the changes don’t jeopardise their heritage value,” Ms Moore said.
“These new planning controls will help protect these buildings as they move into private ownership. The proposal has the strong support of the Central Sydney Planning Committee — a joint City of Sydney and NSW Government planning body.”
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| Sydney Lord Mayor Clover Moore has proposed a plan preventing buyers from adding floor space to the existing properties. Source: News Corp Australia |
Currently approval must be sought from the NSW Heritage Council if the new owners of the heritage homes wish to make any changes that affect the physical fabric of the place, including the buildings themselves.
“These properties are listed on the State Heritage Register, and under Section 118 — Minimum standards of maintenance and repair, requires that the owner must ensure the ongoing protection, weatherproofing, security and ongoing maintenance of the property,” the spokesperson said.
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| For sale: 49 Kent St, Millers Point. Source: Supplied |
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| For sale: 51 Kent St, Millers Point. Source: Supplied |
To date, Government Property NSW has sold 12 out of the 293 propertiesthat were used as government housing, making just under $26.8 million.
Minister for Family and Community Services, Brad Hazzard, recently announced that the money made from the sales so far has been put into building 10 new two-bedroom seniors living dwellings in Lurnea in Sydney’s south west. The apartments are nearing completion with 99 new properties also underway in another 11 suburbs.
The three Kent St properties will go under the hammer on Thursday, May 14 at 6pm.
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