Helensburgh narrow block with mixed-use approval heads to $700k auction
A narrow laneway block in Helensburgh approved for retail and apartment will auction October 17 with $700,000 guide.
A narrow laneway-style property in Helensburgh is heading to auction on October 17 with a $700,000 price guide. The block at Walker Street is just 5.96 metres wide but stretches 50.5 metres long.
Lot 2 Walker Street has approved development consent for a mixed-use building: 92 square metres of retail space on the ground floor and a three-bedroom apartment above. The apartment includes a rooftop terrace and lift access to all levels.
The property sold for $150,000 in June 2024, reflecting the jump in value from the approved development application. The agent said the approval is a key selling point for buyers.
- October 17
- Auction date
- $700,000
- Price guide
- $150,000
- Previous sale price
- 5.96m x 50.5m
- Width by length
Why it mattersShows how development approval can unlock significant value on tight urban blocks, transforming marginal land into viable commercial-residential space.
AustraliaDemonstrates that narrow inner-city blocks in NSW regional towns can generate viable mixed-use developments combining retail and residential.
✓ Claims checked against the source. checked 3 d ago
