51 Palace Street, Ashfield, NSW 2131

Guide: $3,000,000

House
Type
4
Bedrooms
1
Bathrooms
3
Parkings
696.77 m²
Area

Published on Tuesday, August 11, 2026 ( See property details for 51 Palace Street, Ashfield, NSW 2131)

Guide: $3,000,000

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

A charming original residence on a substantial, clear block in Ashfield offering exceptional future development potential and lifestyle convenience.

🏡 Property Highlights

  • Rare 696.77sqm clear parcel of land with no heritage restrictions
  • Prime Ashfield location with excellent future development potential (STCA)
  • Original character residence with charming period features
  • Wide 15.24m frontage and rear lane access for versatile redevelopment
  • Walking distance to Ashfield Train Station and local amenities
  • Generous rear yard ideal for future extensions or landscaping

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Garage / Secure Parking
  • Waterfront / Views
  • Ensuite
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • Open-Plan Living
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51 Palace Street
Ashfield, NSW 2131
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Vertical aerial view — 51 Palace Street
51 Palace Street — Vertical Aerial  •  Ashfield, NSW 2131  •  Nearmap © 2026

Ashfield is a vibrant inner-west suburb renowned for its diverse community, excellent transport links, and abundant amenities. It offers a mix of historic charm and modern convenience, with parks, schools, and shopping precincts within easy reach. The area is highly sought after for its future growth potential and lifestyle appeal, making it ideal for families, investors, and developers alike.

What are the potential uses for this property?
This property offers flexibility for renovation, extension, or redevelopment (STCA), making it suitable for owner-occupiers, investors, or developers seeking to maximise land use.
Is the property suitable for future development?
Yes, the large clear block with rear lane access and no heritage restrictions provides excellent potential for future development or subdivision, subject to council approval.
What are the key features of the existing home?
The home features charming period details including ornate ceilings, leadlight windows, original fireplaces, and four bedrooms, offering a solid foundation for updates.
How accessible is the location?
The property is within walking distance to Ashfield Train Station, local shops, parks, and schools, providing outstanding lifestyle convenience.
What are the nearby amenities?
Nearby amenities include Ashfield Mall, Three Tomatoes Café, Pratten Park, Peace Park, Ashbury Public School, and Trinity Grammar School.
Are there any existing planning restrictions or zoning limitations that could affect redevelopment plans? Has the property been affected by any past flooding or bushfire risks? Are there any easements, covenants, or other encumbrances on the land? What are the potential costs involved in renovating or extending the existing home? Is there any history of structural issues or repairs needed for the property? Are there any upcoming council or community development plans in the area that could impact future use? What are the strata or community title considerations, if applicable? Are there any nearby construction projects or planned developments that could cause noise or disruption? What are the current property taxes and rates applicable to this land? Is the property compliant with all local building codes and regulations for future development?

51 Palace Street, Ashfield, NSW 2131 - More Details

Guide: $3,000,000

Auction Location: On-Site

Offered for the first time in 70 years, this original character residence presents a rare opportunity to secure a substantial clear parcel of land in one of Ashfield's most convenient and tightly held pockets.

Set on approximately 696.77sqm with a wide 15.24m frontage and valuable rear lane access, the property is all about location, land size and future potential. Importantly, the property is a clear block with no heritage or conservation restrictions, providing buyers with outstanding flexibility for future renovation, extension or redevelopment potential (STCA).

The existing home retains charming period features including ornate ceilings, leadlight windows and original fireplaces, while offering four bedrooms, separate living spaces and off-street parking via the side driveway and carport. The residence does require updating to live in comfortably, however it provides the perfect foundation for those looking to create their dream home in a convenient Inner West setting.

The generous rear yard and rear lane access further enhance the property's appeal, opening the door to a range of future possibilities for owner-occupiers, builders, investors or developers alike (STCA).

Positioned within walking distance to Ashfield Train Station, Ashfield Mall, Three Tomatoes Café, Ashbury Public School, Pratten Park and Peace Park, it is also within close proximity to Trinity Grammar School. The home enjoys outstanding lifestyle convenience with easy access to schools, transport, parklands and local village amenities.

A rare opportunity to secure a substantial clear block in a highly sought-after Ashfield location offering endless potential for the future.
Type
House
Bedrooms
4
Bathrooms
1
Parkings
3
Area
696.77 m²

Inspections times

  • Inspection Sat 15 Aug 1:00 pm

    Saturday 15 August
    1:00 pm - 1:30 pm
  • Inspection Sun 16 Aug 11:00 am

    Sunday 16 August
    11:00 am - 11:30 am
  • Inspection Sat 22 Aug 1:00 pm

    Saturday 22 August
    1:00 pm - 1:30 pm
  • Inspection Sun 23 Aug 11:00 am

    Sunday 23 August
    11:00 am - 11:30 am
  • Inspection Sat 29 Aug 1:00 pm

    Saturday 29 August
    1:00 pm - 1:30 pm

Auctions

  • 51 Palace Street, Ashfield, NSW 2131

    Saturday 12 September
    1:30 pm
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