23 May Street, Constitution Hill NSW 2145

no comparable sales data | 613sqm on a 54m elevation | 186sqm building footprint at 30% coverage | single bath for four bedrooms This property presents two clear risk mechanisms: the single bathroom for four bedrooms will limit appeal to families and cap future resale velocity, and the 30% building coverage on a 613sqm lot leaves significant unutilised land that the buyer pays for but cannot monetise without development approval. The opportunity is the 70% open space—rare in Constitution Hill at this price point—which supports a substantial future extension or dual-occupancy potential if council zoning allows. Holding this house for land banking or a renovation play makes sense; owner-occupiers should factor $80,000-120,000 for a second bathroom addition to avoid being underwhelmed at resale. The competitive strength is the large lot under $1.3 million guide in a suburb with 85% auction clearance rate and median house price of $1,556,500. The timber flooring and plantation shutters are finish-level details—not value drivers—but the separate formal lounge and open-plan living give buyers flexible floor plan options rare in this bracket. This property serves best a buyer with medium-term horizon who values land size over move-in perfection and can tolerate a bathroom queue for the first few years. Commission a full pest and building report now, then test the auction reserve against the $1,514,000 estimated valuation before bidding.