20 hours ago
Balmain ‘driveway' set to sell for millions
A concrete lot in Sydney – used as a parking spot for years by neighbours – has been listed for sale for around $2 million.
The block is a rare commodity as a vacant block in Balmain, where houses sell for a median price of $2.46 million.
The 221sqm property is marketed at a price guide of $1.5 million to $2 million.
A similar sale occurred in May when a smaller block in Balmain sold for $1.5 million.
An open inspection was held for the property on Saturday, with listing agent Spencer & Servi director David Servi saying one group of interested buyers turned up.
'Because it's a vacant block of land with a cyclone fence across the front of it, you can see the whole thing from the street,' he said.
'And there's nothing to show them – I can't exactly show them the tennis court or the swimming pool.'
Mr Servi said there had been more interest through inquiries over the phone.
He added that he was not sure of the block's history or why it had not been built on previously.
According to the land was sold back in 2012 for $765,000, with concept art added in the same year showing plans for a small modern home to be built.
The block has similar frontage to neighbouring properties despite being used as a parking spot for many years.
It's understood the neighbours who have been parking at the space will need to find a new location to park, with the property going to auction on Saturday, August 2.
