You have to step out to access the bathroom, but that doesn’t stop tenants willing to shell out a pretty penny for this Rozelle terrace in the middle of Sydney’s competitive rental market.
The listing for Napoleon Street rental – advertised for $940 per week – can read like a dream. An independent terrace just steps from the famous Darling Street, with city views, four bedrooms, a large kitchen, separate living and dining areas and a garage.
But there’s a catch to the “spacious family home.” You will have to exit through the back door and cross the yard to get to the laundry room and the bathroom, with no alternative inside.
“[These homes] are fewer and fewer. It’s a bit rare,” said Matthew Hayson of CobdenHayson, adding that most landlords have upgraded these terraces over the years to attract better tenants and get better sales and rental prices.
Yet the terrace attracted 10 groups when it first opened, three of whom made rental inquiries for the two-story terrace – which records show last sold for just over $2 million in 2017.
‘It has a reasonable floor space, but there are no bells and whistles…they’ve had a bit of interest, it’s clean, if it’s all a bit dated,’ Mr Hayson said .
Interest in the property has come from young tenants looking for their next shared home, with Mr Hayson noting that it offers good value for the location.
Tenants face a competitive market, with the rental vacancy rate in the centre-west falling to 2.1% in January, from 3% in December and 3.4% in the same period last year, figures show of Domain.