160 Lilyfield Road, Lilyfield NSW 2040

Freestanding wide block | Studio with workshop | Waterfront-adjacent pocket | Redevelopment potential with council The property’s competitive strength lies in its combination of a 417m² wide block and a detached rear studio, a rare configuration in a suburb where most homes sit on narrower lots. This layout allows a buyer to occupy the main house while renovating or leasing the studio separately, effectively subsidising holding costs. It serves best a buyer seeking both immediate livability and medium-term upside through a value-add project, particularly given the location near the Bay Run and Norton Street’s amenities. The primary risk is the property’s untouched condition, which may conceal structural or compliance issues that could delay a renovation or redevelopment timeline and increase costs. The guide price sits below automated valuations, suggesting the seller may be pricing for a quick sale rather than full potential, which presents a negotiating opportunity. A buyer should plan for a thorough building inspection and engage a town planner early to clarify development pathways under Inner West Council rules. Hold this property as a dual-purpose home and income source, then renovate or subdivide when zoning permits.