24 Milton Street N, Ashfield, NSW 2131 | House for sale | OnTheHouse
 
FOR SALE
Auction Guide $2,500,000

24 Milton Street N
Ashfield NSW 2131

Bedrooms: 3
Bathrooms: 1
Car spaces: 11
Land area: 727m2
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Auction Time
Sat 18 Jul 12:00 pm
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Significant Mixed-Use Holding with Dual Income E4 and R2 & Future R4 Rezoning Upside

A rare opportunity to secure a substantial mixed-use holding in one of Sydney's tightly held Inner West precincts, offering strong existing income together with exceptional future redevelopment potential.
Occupying approximately 727sqm with valuable dual street frontage, this versatile property comprises a separately leased mechanical workshop and a spacious three-bedroom residence, delivering immediate dual-income returns with significant upside.
A substantial rear portion of the site is currently zoned R2 Low Density Residential and forms part of a broader precinct-wide rezoning proposal that has progressed through Council and is currently awaiting final State Government approval to be rezoned to R4 High Density Residential. This presents an exciting opportunity for future redevelopment potential (STCA).
The balance of the property is zoned E4 General Industrial, providing a wide range of industrial, warehouse, logistics, trade and business opportunities.
Ideally suited to investors, developers, owner-occupiers and businesses seeking a strategic Inner West location, this is a rare chance to secure a property with both immediate income and long-term growth potential.
**Property Highlights:**
• Approx. 727sqm landholding with valuable dual street frontage
• Mixed zoning comprising E4 General Industrial and R2 Low Density Residential
• Rear R2 section currently subject to a proposed rezoning to R4 High Density Residential (awaiting final State Government approval)
• Part of a wider precinct currently undergoing rezoning from R2 to R4
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Property Details for 24 Milton St N, Ashfield

24 Milton St N, Ashfield is a 3 bedroom, 1 bathroom House with 11 parking spaces. The property has a land size of 727m2. The place is currently for sale with Ray White Sutherland Shire .

Building Type
House
Land Size
727m2
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About Ashfield 2131

The size of Ashfield is approximately 3.4 square kilometres. There are 24 parks, covering nearly 7.2% of the total area. The population of Ashfield in 2016 was 23841 people. By 2021 the population was 23012 showing a population decline of 3.5% in the area during that time. The predominant age group in Ashfield is 20-29 years. Households in Ashfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashfield work in a professional occupation.In 2021, 45.10% of the homes in Ashfield were owner-occupied compared with 43.80% in 2016.

Ashfield has 13,103 properties. Over the last 5 years, Houses in Ashfield have seen a 20.06% increase in median value, while Units have seen a 22.03% increase. As at 30 June 2026:

  • The median value for Houses in Ashfield is $2,317,861 while the median value for Units is $903,759.
  • Houses have a median rent of $1,000 while Units have a median rent of $670.
There are currently 61 properties listed for sale, and 62 properties listed for rent in Ashfield on OnTheHouse. According to Cotality's data, 450 properties were sold in the past 12 months in Ashfield.

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Dasha Mcgee
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Ray White Sutherland Shire
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