8 Carlton Street, Arncliffe

This 3-bedroom home sits on a good lot of land (588sqm) — with a 10 minute walk to Banksia station and bay views. However, it needs a major renovation if you want to live in it as-is.

SydNest Score: 2.6/5

Location 3 | Price 2 | Condition 2 | Amenities 2 | Neighbourhood 4

This 3-bedroom home sits on a good lot of land (588sqm) — with a 10 minute walk to Banksia station and bay views. However, it needs a major renovation if you want to live in it as-is. Might be a little too expensive for developers.

Ideal for households with incomes from $250,000 to $350,000

The sales agent has not listed any pricing information but has made it appear in searches above $1.7 million. I expect that to be the lower end of the guide.

Hasn’t been on the market in 60 years, and the desktop valuations low confidence estimate is $1.82 million, with a maximum of $2.17 million.

My estimate of land value based on the Valuer-General’s last estimate, adjusting for what is a reasonable market value, is $1.35 million.

At $1,850,000, a 20% deposit (at least $462,500 including stamp duty) could be affordable for those with household income of at least $290,000, probably down to $250,000 if it’s an investment.

If you have a 5% deposit (at least $185,000 including stamp duty), this unit could be attainable with household income of at least $350,000, probably down to $310,000 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:

Convenience:

Budget-Friendly: Housing in Arncliffe is generally cheaper compared to closer-in suburbs, making it attractive for young professionals, families, and first-time buyers.
Superbly Connected: Arncliffe boasts exceptional public transport options. Not only does it have two train stations (Arncliffe and Turrella) on the T4 Eastern Suburbs & Illawarra line, but also Wolli Creek Station on the T8 City Circle line, all within a 15-minute walk from most locations in the suburb. This provides easy access to Sydney's CBD, surrounding areas, and other destinations along the City Circle loop.
Evolving Scene: The suburb is undergoing a revitalisation with new cafes, restaurants, and shops adding a trendy vibe to the area.
Culturally Diverse: Arncliffe boasts a strong Middle Eastern influence, evident in its delicious and affordable restaurants. The suburb fosters a welcoming community spirit.
Green Pockets: Arncliffe might not have vast parks, but it does have Arncliffe Park and Poulton Park, perfect for picnics, walks, or just unwinding outdoors. There are green spaces like Wolli Creek Regional Park and Girraween Picnic Area offering opportunities for walking, picnicking, and enjoying nature. The Cooks River also provides a scenic waterfront element.

Here’s what the house offers:

Block dimensions approx. 15.25 x 39.78
Double brick
Elevated views
Double Lock up garage with driveway access
Timber floors

If you like it

Inspection is on Saturday at 12.30pm. Visit my website if you would like me to arrange your finance.