57 Justin Street, Lilyfield NSW 2040

Dual occupancy flexibility | Mixed-use zoning | Torrens title | Premium Lilyfield pocket This property’s strongest buying case is its rare combination of Torrens title dual occupancy within mixed-use zoning, a configuration almost unheard of in this part of the Inner West. The three-storey layout is not merely spacious but structurally designed for separation, meaning two discrete households or a live-work arrangement can function without compromise. For a buyer seeking income offset, multigenerational privacy, or a home-based business with street legitimacy, this house offers a competitive edge that standard family homes on similar land cannot match. The 184-square-metre site is tight, but the vertical design and rear lane access extract genuine utility from every metre. The principal risk is land size: at under 185 square metres, future subdivision is unlikely, and the property’s value is tied to the existing built form rather than land banking. The mixed-use zoning, while an advantage for flexibility, may also introduce neighbouring commercial activity that a pure residential buyer would not anticipate. The opportunity lies in using one dwelling as a rental or home office to offset holding costs, effectively reducing the net outlay while retaining a premium address near light rail and Rozelle Parklands. Hold this property as a long-term lifestyle-and-income hybrid, not a land play.