139 Frederick Street, Ashfield NSW 2131
139 Frederick Street, Ashfield NSW 2131
A single-level three-bedroom house with one bathroom and one parking space on 512 square metres of land. Ornate 3.2-metre ceilings and original floorboards are retained throughout. Built circa 1890 to 1910 in the traditional Inner West masonry style. Estimated weekly rent around $990. Positioned within Ashfield’s established residential zone, this is a preserved late-nineteenth-century home that holds its ground among similar-era stock, though it sits on a moderately sized lot typical of the street.
Competitively, the 3.2-metre ornate ceilings and retained floorboards are standout features that are increasingly rare in unrenovated single-level houses. This property is strong for buyers who value original period character over modern extension, and it fits the family or downsizer seeking a low-maintenance footprint in a suburb with solid commuter access. Its single-level configuration is a genuine advantage for those avoiding stairs, and the lack of heritage overlays means future alterations are possible with council approval. The rental yield is low, but the occupant demand for original homes in this part of Ashfield remains consistent, making it a stable choice for an owner-occupier who might rent out later.
Factors that might affect value include the modest land size relative to some nearby blocks, which could cap future redevelopment potential. Proximity to the Bupa aged care facility may introduce minor traffic or noise considerations during peak hours, although no significant impact is expected. The single bathroom and one parking space may narrow appeal for larger families. The $990 rent suggests reasonable income, but gross yield sits around 2.2 percent, which is typical for this price band and may be a consideration for investors prioritising cash flow over capital growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 139 Frederick Street, Ashfield NSW 2131
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Ashfield’s Inner West location attracts a young, professional demographic, driving strong demand for its predominantly apartment-based housing. This active market, characterised by high sales volumes, has delivered solid price growth, particularly for units. Future prospects are supported by sustained buyer interest, though affordability pressures and a constrained supply pipeline present notable headwinds for continued expansion.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
512m²
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