Tightly held family home metres from Five Dock bay and Taplin Park

One of the last undeveloped houses in Drummoyne’s most tightly held street has hit the market, a three-bed, two-bathroom double brick home ripe for renovation.

The deceased estate on 555 square metres is only metres from the Five Dock Bay and is on offer for the first time in 63 years.

With views of the bay from the north facing front balcony and sunroom, a second story (STCA) would fulfil the property’s true potential, according to selling agent Chris Wilkins from Ray White Drummoyne.

“All the neighbours have added a second story, however the home is perfectly livable as is. It is very solid and has been meticulously maintained.”

“It is a leafy green suburb which is very popular with young families and it’s a big house with a large flat backyard so great for a growing family,” said Wilkins, who personally knows how much the neighbours love it.

The property’s vendor, Angelo Margiotta who grew up in the house described it as a wonderful place to live.

“Our family had a good life in that house. It is a really nice community. There’s a lot of respect between the neighbours and the street is very family orientated. Everyone gets along,” he said.

“There’s Taplin Park down the road with a boat ramp and the bay is just there. If you built up another story you would get a magnificent view.”

Margiotta also described soaring decorative ceilings and large rooms providing a sense of space with an abundance of natural light.

“The property is also very quiet, there is no through-traffic. It really is a special place.”

“It is hard to let it go but I am resigned to it. Things move on. That is life.”

Wilkins highlighted the property’s proximity to good local schools such as Drummoyne Public, St Marks and ST Joseph’s College, as well buses or ferries to the city.

“It really is a great spot and a lot of the properties in this area just do not come up for sale.”

Asked about the price expectations, Wilkins cited the October 2014 sale of 124 Thompson Street on 515 square metres and in similar condition for $1.964 million.

163 Thompson Street, Drummoyne will go to auction on Saturday 8 October.