29 Westmoreland Street

Glebe NSW 2037

Positioned for ultimate convenience in one of Glebe's most sought-after pockets, this substantial and well-established residence presents an outstanding opportunity for both owner-occupiers and investors alike.Move straight in or capitalise on its exceptional income potential, with projected gross returns exceeding $170,000 per annum when fully leased.For Owner-OccupiersConstructed predominantly of solid brick and concrete, the home offers a durable structure and a flexible, modern layout ideal for family living. With the option to remove two nonstructural timber/plasterboard walls, the internal configuration can be easily enhanced to create a more expansive living areawhile still retaining up to six generously sized bedrooms.For InvestorsCurrently configured as a high-performing share house, the property comfortably accommodates both couples and individual tenants, delivering strong and consistent rental income. Located within the highly desirable City of Sydney council precinct, the property offers not only an impressive rental yield but also long-term capital growth potential.Key Features & Value-Add Potential Dual street frontage rare and highly desirable Rear lane access providing additional flexibility Spacious loft area with further development potential Leafy backyard offering a peaceful retreat Parking for 2-3 vehicles (a rarity in innercity locations) Expansive timber deck flowing from the living and kitchen area, ideal for outdoor entertaining Lifestyle & LocationEnjoy the best of cityfringe living with everything at your doorstep: Walking distance to light rail, bus transport, parks, and local shops Close proximity to vibrant cafs, restaurants, and lifestyle amenities Easy access to Sydney CBD A perfect balance of convenience, lifestyle, and tranquility.Outgoings* Council Rates: Approx. $430 per quarter Water Rates: Approx. $200 per quarter * These outgoings are indicative only and should be independently verified. Full details can be provided upon request.**Disclaimer:The above information has been provided by the vendor. Forward Real Estate makes no guarantee, representation, or warranty as to the accuracy, reliability, or completeness of the information. Interested parties should rely on their own enquiries.