{"id":42251,"date":"2023-02-13T12:27:56","date_gmt":"2023-02-12T23:27:56","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42251"},"modified":"2023-02-13T12:27:56","modified_gmt":"2023-02-12T23:27:56","slug":"sydneys-smallest-house-sells-for-record-breaking-price","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/sydneys-smallest-house-sells-for-record-breaking-price\/","title":{"rendered":"\u2018Sydney\u2019s smallest house\u2019 sells for record-breaking price"},"content":{"rendered":"

PHOTO: Sydney, Australia. FILE<\/strong><\/p>\n

According to realestate.com.au<\/a> on just a 25 sqm block, antique restorer Sayman Ibraham\u2019s \u201clabour of love\u201d behind a famous brothel is believed to be Sydney\u2019s smallest house.<\/p>\n

But it\u2019s just achieved a record-breaking price.<\/p>\n

Sold via BresicWhitney\u2019s Brigitte Blackman and Darren Pearce, the one-bedroom terrace at\u00a021 Little Riley St, Surry Hills\u00a0fetched a whopping $1.5m \u2014 $300,000 above the price guide for the planned February 25 auction.<\/p>\n

The stunning result sets a Surry Hills record for a one bedroom house with no parking on such a small block and equates to $60,000 per sqm.<\/p>\n

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21 Little Riley St, Surry Hills sits directly behind one of Sydney\u2019s best known brothels, A Touch of Class<\/strong><\/em>.<\/p>\n<\/div>\n

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The renovation was a labour of love for the vendor, antique restorer Sayman Ibraham.<\/strong><\/em><\/p>\n<\/div>\n

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\u201cSayman\u2019s over the moon,\u201d Blackman says. \u201cWe had 75 groups through and got an unbelievable result \u2014 25sqm is tiny.<\/p>\n

\u201cThere were no comparables at all so it was a difficult one to put a price on, but there is absolutely no stock on the market.\u201d<\/p>\n

Its location behind one of Sydney<\/a>\u2019s most well known brothels, A Touch of Class, proved no obstacle to the sale.<\/p>\n

The investor buyer can expect a decent rental income of between $750 to $800 per week, Blackman estimates.<\/p>\n

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There\u2019s just one bedroom.<\/strong><\/em><\/p>\n<\/div>\n

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But a very stylish bathroo<\/strong><\/em>m.<\/p>\n<\/div>\n

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\u201cIt would also make an unbelievable Airbnb,\u201d she says.<\/p>\n

The tiny house had rising damp and was very basic when Ibraham bought it for $710,000 in 2013, but he threw his heart and soul and plenty of dollars into a renovation.<\/p>\n

Now the interiors are far from plain: a mixture of industrial and modern with just a hint of an antique look \u2014 stone walls, solid brass trimmings, and black granite benchtops.<\/p>\n

There\u2019s a clever use of the compact space and it\u2019s full of natural light.<\/p>\n

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Ibrahim built the stairs himself.<\/strong><\/em><\/p>\n<\/div>\n

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There\u2019s plenty of fresh air and natural light.<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n

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