51 Palace Street, Ashfield, NSW 2131
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Guide: $3,000,000
51 Palace Street, Ashfield, NSW 2131
4
1
696m²
106m²
•
house - house
Property Description
Listed on 11 Aug 2026
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.
Median house price trends
Comparing the price trend of houses in Ashfield against the state of New South Wales over the last 4 years. Source: CoreLogic
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Market activity
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40 Days
House median days on market
33 Days
Unit median days on market
405 Properties
Sold in last 12 months
97 Properties
Available in the last month
Ashfield residents
Key characteristics of the residents in the area, view the full breakdown of the suburb here.
19-30
Is the most common age range
Renters
Most common occupant type
Singles
Most common household profile
Professionals
Most common occupation
Apartments
Most common property type
Nearby education
Schooling and educational options in the area, for all ages.
Ashfield Public School
K - Yr 6
Government
St Vincent's College Ashfield
K - Yr 12
Catholic
St Vincents College Ashfield, Primary School Campus
K - Yr 6
Yeo Park Infants School
K - Yr 6
Government
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Ashfield
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Inner West
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New South Wales
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Frequently asked questions
The property at 51 Palace Street includes 4 bedrooms, 1 bathroom and no assigned parking spaces.
51 Palace Street in Ashfield has a land size of approximately 696 square metres and an internal floor area of around 106 square metres.
51 Palace Street in Ashfield, New South Wales, is close to local schools such as Ashfield Public School, St Vincent's College Ashfield, St Vincents College Ashfield, Primary School Campus, Yeo Park Infants School, Ashfield Boys High School and St Vincent's College Ashfield
The current listing status for the property at 51 Palace Street, Ashfield is not available in our data at this time.