4 Done Street, Arncliffe

SydNest Score: 3.5/5

Location 4 | Price 3 | Condition 4 | Amenities 3 | Neighbourhood 3

I don’t often see these sorts of properties on the market. Different strokes for different folks, but I love the Federation design. Throw in some minor renovations, a new kitchen and some landscaping, given the convenience of Arncliffe, this represents value for someone who may have been priced out of the suburbs on the other side of the Cooks River.

Ideal for households with incomes from $210,000 to $300,000.

The sales agent has not listed any pricing information but has made it appear in searches above $1.15 million. I expect that to be the lower end of the guide.

Last sold for $590,000 in 2011 and the desktop valuations suggest around $1.33 million to a maximum of $1.46 million today. However, since it is going to auction, it has the potential to exceed these estimates and set a new benchmark for future valuations.

At $1.5 million, If you have a 20% deposit (at least $375,000), this unit could be attainable with household income of at least $250,000, probably down to $210,000 if it’s an investment.

If you have a 5% deposit (at least $150,000 deposit), this unit could be attainable with household income of at least $300,000, probably down to $260,000 if it’s an investment.

Of course, these estimates are subject to so many things, which you can read about in my disclaimer.

What I love about Arncliffe

Arncliffe is a suburb that offers a unique blend of urban convenience and diversity. Here’s why Arncliffe is a great place to buy:

Multiple Transport Options: Arncliffe is well-served by public transport with easy access to Arncliffe, Turrella, and Wolli Creek train stations. This makes commuting to Sydney’s CBD and other parts of the city straightforward and efficient. The Metro at Sydenham opening soon will make this location even more convenient.
Convenient Amenities: The area boasts a range of amenities within walking distance, including Woolworths, local cafes, shops, and restaurants. This ensures that daily necessities and dining options are always close at hand.
Recreational Opportunities: Arncliffe is near several parks and recreational areas, including riverside walks, bike paths along the Cooks River, the local Rowing Club, and the Kogarah Golf Course. These spaces offer plenty of opportunities for outdoor activities and relaxation.
Community and Lifestyle: Arncliffe has a strong sense of community with various local events and activities. The suburb’s mix of residential and commercial areas provides a vibrant yet relaxed lifestyle.
Growth Potential: With ongoing development and investment in infrastructure, Arncliffe is poised for growth. This makes it a potentially lucrative area for property investment.

In summary, Arncliffe offers a combination of accessibility, amenities, and recreational options that make it an appealing location for prospective buyers seeking a balanced urban lifestyle.

Here’s what the dwelling offers

Two bedrooms, both with built-in wardrobes and second bedroom with air conditioner
Air-conditioned lounge room with fireplace
Gas stainless steel appliances and a dishwasher
Family room
Federation bathroom
Separate laundry/storage space
Second toilet
Security grilles to all windows
Your own yard
Land area is approximately 278 sqm.

Keep in mind ongoing costs

Council rates: Not disclosed, ask the agent for more details.

Water rates: Not disclosed, ask the agent for more details.

Rental potential: In my view, this property could rent for $900 per week. Vacancy rates and property management fees should be considered when evaluating potential investment income.

If you like it

Good luck with the inspection, Saturdays at 10am. Visit my website if you would like me to arrange your finance.