461 Cleveland StreetRedfern NSW 2016
Property Details for 461 Cleveland St, Redfern
Last Listing description (October 2019)
We have the pleasure in offering for Sale by Auction this 3-storey grand terrace, the tallest on Cleveland Street, with panoramic views from the uppermost level to the city skyline & Sydney Tower.
Formerly known as Meath House, a grand mansion built in the mid-1800s and the former home of the 4-time mayor of Redfern, Patrick Stanley, it also bears another name being Illoura meaning pleasant place in aboriginal.
Now known as Gracelands being a fully licenced 10-room, 20-person Boarding House, with an attractive freestanding 2 storey cottage also included to the rear, plus driveway providing for up to four cars stack parked.
Features:
Huge land 455.3m2 *
Int. areas 373.35m2 - 296m2* terrace + 77.35m2* cottage (plus 24m2* private courtyard)
B4 Mixed Uses (front) and R1 Residential (rear) City of Sydney
1.25:1 FSR and a height limit of 9 metres, so latent development potential STCA
Excellent cash flow business opportunity at the gateway to the Eastern Suburbs and Surry Hills
Onsite parking for 4 cars - absolute gold!
The premises has a solid cash flow from the Boarding House operation being offered as a 'going concern' with the cottage separately let at $750 per week till July 2019.
Inspection times:
Wednesdays - 24, 31 October and 7, 14, 21 of
November 2018 between 10:30 am to 11:30 am
Saturdays - 27 October and 3, 10, 17 of November
2018 between 10:30 am to 11:30 am
Auction (if not sold prior):
Thursday 22nd November 2018 at 10:30 am
Cooley CBD Auction Centre Dexus Place
Level 5, 1 Margaret Street, Sydney
Property History for 461 Cleveland St, Redfern, NSW 2016
- 11 Jun 2019Listed for Sale Not Disclosed
- 22 Nov 2018Sold for $3,662,500
- 19 Oct 2018Listed for Sale Auction 22/11/18
Recent sales nearby
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About Redfern 2016
The size of Redfern is approximately 1.2 square kilometres. It has 21 parks covering nearly 8.1% of total area. The population of Redfern in 2016 was 13213 people. By 2021 the population was 13072 showing a population decline of 1.1% in the area during that time. The predominant age group in Redfern is 30-39 years. Households in Redfern are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Redfern work in a professional occupation.In 2021, 35.10% of the homes in Redfern were owner-occupied compared with 33.50% in 2016.
Redfern has 7,998 properties. Over the last 5 years, Houses in Redfern have seen a 46.01% increase in median value, while Units have seen a 33.52% increase. As at 30 November 2025:
- The median value for Houses in Redfern is $2,206,190 while the median value for Units is $1,213,462.
- Houses have a median rent of $975 while Units have a median rent of $820.
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