Renovation potential in Waverley

A Waverley home in original condition is on the market with a price guide in the vicinity of $1.1m.

The property, located at 9 Wallace Street, Waverley is being marketed by Cameron Airlie of Ray White Maroubra/South Coogee.

“By eastern suburbs standards, this is an affordable home and we issued eight contracts to interested parties after the first two inspections.

“This property has been in the same family for several decades and is in absolute original condition. This is an opportunity for buyers to get into the eastern suburbs market and create their dream home,” Mr Airlie said.

Located in the heart of the eastern suburbs, Mr Airlie says the property sits on some of the most coveted real estate in Sydney.

“The home is on the verge of five central suburbs: Waverley, Queens Park, Bronte, Clovelly and North Randwick. Although the address is in Waverley, you can walk a few metres and be in a different suburb.

“North Randwick is really developing great cafes and eateries and Waverley itself is home to some of the best schools in the east,” he explains.

The north facing property features two bedrooms, one bathroom and a single lock up garage.

“This is a real jewel for buyers to come in and make it their own. The block is drenched in sunlight and located on one of the quietest streets in the suburb,” Mr Airlie said.

The semi-detached home at 9 Wallace Street, Waverley goes to auction on 27 September and Mr Airlie expects competitive bidding on the day.

“Based on the early interest we’re anticipating a highly contested auction. And for good reason, you don’t often find homes in the early $1m price bracket on the market in the eastern suburbs.”

Cameron Airlie represented Josh and Jenna on The Block All Stars in 2013.