5 Wallace StreetIslington NSW 2296
Property Details for 5 Wallace St, Islington
5 Wallace St, Islington is a 3 bedroom, 3 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Islington in the last 12 months.
Last Listing description (August 2024)
Behind the charming cottage façade of this inner-city gem, you'll find a versatile home ready to adapt to your needs. With two or three bedrooms in the main house – the choice is yours – plus a separate one-bedroom granny flat at the rear, this property offers many options. The house has been thoughtfully updated, blending modern comforts with original character like the working fireplace in the kitchen or the timber-lined walls. A spa bath, plantation shutters, air-conditioning, and a covered alfresco area add 21st-century appeal. Plus, the hefty 8.5kW solar system across both properties helps keep those utility bills in check. The granny flat provides the perfect setup for a multi-generational family, guests, or tenants. It offers privacy and independence, ideal for older relatives, adult children saving for their own place, or as a rental or Airbnb opportunity.
The options here are varied: live in one and rent out the other, demolish the granny flat and extend the home into the backyard (STCA), or maximise your investment returns by renting out both for a potential income of $1,000 to $1,500 per week. Dive into a world of coffee shops just 350m away on Beaumont Street. With a quick commute to Sydney from nearby Hamilton Station, and Newcastle city centre and beautiful beaches reached in no time, this property combines convenience with versatility.
Main House:
- Option to have a 3rd bedroom at the rear or return to a living space
- Contemporary kitchen, electric cooking and dishwasher
- Two bathrooms including an oversized ensuite
- 1 Off Street Park
- 3 Reverse cycle A/C
Granny Flat:
- Kitchenette and living space
- Accommodating ramp access
- Ceiling fans and A/C
Water Rates: Approx. $750 p/a + usage.
Council Rates: Approx. $2,300 p/a.
Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.
Property History for 5 Wallace St, Islington, NSW 2296
- 09 Aug 2024Sold for $1,000,000
- 15 May 2024Listed for Sale Guide: $975,000 - $1,050,000
- 28 Apr 2023Listed for Sale Contact Agent
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About Islington 2296
The size of Islington is approximately 0.7 square kilometres. It has 4 parks covering nearly 12.3% of total area. The population of Islington in 2011 was 1,806 people. By 2016 the population was 1,887 showing a population growth of 4.5% in the area during that time. The predominant age group in Islington is 20-29 years. Households in Islington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Islington work in a professional occupation. In 2011, 51.4% of the homes in Islington were owner-occupied compared with 49.4% in 2016.
Islington has 1,352 properties. Over the last 5 years, Houses in Islington have seen a 65.74% increase in median value, while Units have seen a 36.49% increase. As at 31 August 2024:
- The median value for Houses in Islington is $946,109 while the median value for Units is $785,258.
- Houses have a median rent of $630 while Units have a median rent of $580.
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