Property prices in the inner west region of Sydney have skyrocketed 11.8% over the past year to August.
Just this week, a tiny, uninhabitable laundry shed in the backyard of a heritage-listed house in Smith street in Balmain, about a 15 minute drive from Sydney’s CBD, was listed with an asking price of between $200,000 and $300,000.
The listing says it was once used as a laundry and incinerator for the house, which was subdivided into 8 apartments last year.
Here’s a look at the derelict backyard shed that’s selling for hundreds of thousands of dollars.
The listing says the shed could be turned into many things. A small residence, office or art studio were suggested.
The shed comes under the local heritage listing of the main apartment block meaning future plans would have to be approved by a heritage architect. Concept plans were recently drawn up for a one-bedroom unit on the site, and are available for the buyer.
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