21 Princes Street, McMahons Point, NSW

Asking price: $3,000,000-plus

Bedrooms: Four

Bathrooms: Two

Parking: One off-street space

Auction: 6.30pm, February 18

Old and new have been successfully combined in this ideally located Federation-era home.

Prospective buyers will warm to the touches of yesteryear in this property as well as the picture-postcard views of Sydney Harbour, the iconic Sydney Harbour Bridge and the city’s skyline.

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The attached 1904 McMahons Point residence – a former boarding house – still retains its original high-pressed metal ceilings, polished timber floors, decorative ceiling cornices, period fireplaces and slate roof.

Yet, significantly, the three-level home has more than enough modern features to ensure comfortable living for its occupants including an entertainer’s kitchen with all the
must-haves – granite benchtops, bar seating area and gas cooktop.

Raine and Horne North Sydney senior sales consultant Todd Houghton says the home, which was last renovated about 10 years ago, offers a total of four generous bedrooms and two bathrooms.

There is no doubt the upper level main bedroom is the star attraction of this residence. The bedroom, which could also be used as another communal living area, features a harbour-facing balcony, walk-in robe and an ensuite with a freestanding claw-foot bath.

The spacious second bedroom has city skyline views and built-in robes, while the third and fourth both offer fireplaces, built-in robes and access to a sizeable balcony.

Students and work-from-home types will also appreciate that this residence has a study alcove with built-in desk located under the staircase. A casual meals area adjoining the kitchen flows into a covered deck entertaining zone – ideal for those who like to host friends and family.

There are also formal lounge and dining rooms, each served with their own marble gas fireplace. 
Another bonus for prospective buyers, who have plenty of stuff, is the substantial roof storage area.

Mr Houghton says the home, which sits on 177sqm and includes front and rear courtyards, has attracted strong interest from prospective buyers.

“It will suit families with kids going to one of the several local private schools in the North Sydney area,” Mr Houghton says.

“The current owners are overseas and they are convinced someone with kids at the nearby Shore (Sydney Church of England Grammar) secondary school will purchase it. It will appeal to a professional couple or a business owner. Basically, there has been interest from expatriates overseas wanting to come back to Sydney, local people looking to up-size and there has been a little bit of interest from the Chinese market.”

Mr Houghton says part of the home’s strong appeal is that it is 500 metres from Lavender Bay and only a 800-metre walk – seven minutes’ strolling time – from the city-bound ferry.

“And it’s just around the corner from Blues Point Road with its cafes and restuarants, which are very well known for their gourmet-style food and alfresco dining,’’ he says.

“In my opinion it is one of the best locations in Sydney, and this type of accommodation does not come up very often – only a few times a year. It’s a pretty serious piece of real estate.”

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