For Sale

24 Milton Street North, Ashfield NSW 2131

Rare Ashfield Investment Opportunity with Dual Income Streams

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Saturday, October 17, 2026 ( See property details for 24 Milton Street North, Ashfield NSW 2131)

$2,100,000

Janice Leelapatra Sales Assistant to Michael Simpson

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Michael Simpson Director | Sales

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile Ashfield property offering a combined residential and commercial income with development potential in a prime Inner West location.

🏡 Property Highlights

Dual income streams from residential and commercial premises
Approximately 727sqm of land with dual street frontage
Separate leased residence and mechanical workshop with office
Currently generating a combined rental income of $9,400 per month
Gas connected to the residence and separate electricity connections
Potential for development or rezoning in a sought-after Inner West location

✨ Key Features

Built-in Robes
Garage
Open-Plan Living
Outdoor Area
Secure Parking
Waterfront / Views
Water tank
NBN / High-Speed Ready
Floorboards
Alarm system

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24 Milton Street North

Ashfield, NSW 2131

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Suburb and Property Insights of Ashfield, NSW 2131

Ashfield is a vibrant Inner West suburb renowned for its diverse community, excellent transport links, and proximity to Sydney CBD. It offers a mix of residential and commercial amenities, making it ideal for investors and developers alike. The area boasts a rich cultural scene, parks, and local shopping precincts, all within easy reach. Its strategic location ensures strong rental demand and future growth prospects. Ashfield’s well-established infrastructure and community facilities make it a highly desirable place to live and invest.

Frequently Asked Questions

What are the current uses of the residence and workshop, and are they suitable for my intended purpose?

The residence is a three-bedroom home with gas connection, while the separate workshop includes an office space, both currently leased and suitable for residential and commercial use respectively.

What are the zoning regulations and potential for future development or rezoning?

The property is located in an area with proposed rezoning opportunities, offering potential for future development or capitalising on zoning changes, subject to council approval.

Are there any restrictions or covenants affecting the property?

There are no known restrictions or covenants; however, prospective buyers should verify with local council regarding any specific planning controls.

What are the ongoing costs associated with the property, including council rates and maintenance?

Ongoing costs include council rates, utilities, and maintenance of both the residence and workshop, with current lease arrangements covering some expenses.

Is there potential for increasing rental income or redeveloping the site?

Yes, with current leasing arrangements and the potential for rezoning, there are opportunities to increase rental income or redevelop the site in line with local planning policies.

What to ask about this property to agent?

Are there any existing planning restrictions or upcoming zoning changes that could affect future development? What are the detailed lease terms for both the residence and workshop, including lease expiry and rent review clauses? Are there any known structural issues or defects with the residence or workshop? Is there any history of flooding, bushfire risk, or other environmental hazards on the property? Are there any easements, covenants, or rights of way registered on the title that could impact use or development?

24 Milton Street North, Ashfield NSW 2131 - More Details

Rare Ashfield Investment Opportunity with Dual Income Streams

24 Milton Street North, Ashfield presents a rare opportunity to secure a versatile property combining a three-bedroom residence with a substantial mechanical workshop.

Positioned on approximately 727sqm with dual street frontage, both premises are separately leased and currently generate a combined rental income of $9,400 per month.

Property highlights:
- Three-bedroom residence
- Separate mechanical workshop and office
- Combined rental income of $9,400 per month
- Approximately 727sqm of land
- Dual street frontage
- Separate electricity connections
- Gas connected to the residence
- Separate phone and internet services
- Convenient Inner West location
- A distinctive property offering two income streams in a tightly held Ashfield location.

Whether you are an investor seeking reliable income, a developer looking to capitalise on the proposed rezoning, a business owner wanting to secure your own premises, or a buyer searching for a rare mixed-use asset in a tightly held location, this property represents an outstanding opportunity with both present-day returns and future upside.

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 6
Area: 0.0

Map & nearby places — 24 Milton Street North, Ashfield NSW 2131

Explore 24 Milton Street North, Ashfield NSW 2131 in 3D

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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Ashfield Public School Catchment Government primary school, K-6, co-ed

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

St Francis Xavier Catholic School Ashbury Catholic primary school, K-6, co-ed
Holy Innocents' Catholic Primary School Catholic primary school, K-6, co-ed
St Michael's Catholic Primary School Catholic primary school, K-6, co-ed
St Columba's Catholic Primary School Catholic primary school, K-6, co-ed
All Saints Grammar Junior School Independent primary school, K-12, co-ed
St Brigid's Catholic Primary School Catholic primary school, K-6, co-ed

Email Enquiry To Ray White Elevate Group

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Janice Leelapatra

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Michael Simpson

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24 Milton Street North, Ashfield NSW 2131

$2,100,000

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