5 Iluka Road, Mosman, NSW

It is very rare for such a well located, fair-sized block of North facing land with views and so much potential to come on the market. This is evidenced by the fact that this 1960s home is on the market for the first time and was designed by a colleague of Harry Seidler's. Don't expect a perfectly preserved time capsule of the 60s, however, the structure is all there and the new owner can choose to redesign with a nod to its heritage or take a more modern view. Speaking of views, whilst there are harbour cameos from the front of this home, the 2nd level concept plan has more sweeping vistas but not waterfront views.

The current floor plan includes a bedroom and bathroom on the lower level with living and bedrooms on the 1st level. The kitchen is in the centre of the home which was standard in the 60s before open plan living became the normal and provides alternative access to the rear bedrooms.

The land size does limit the price but the parcel is very usable even with the North facing rear yard currently being terraced. We have not reviewed Council requirements for a rebuild or renovation on this site but feel that this is a home with more potential than many we have seen recently.

The walkability score shows that a car is needed due to its prestigious yet slightly isolated location away from shops. This does not take into account the location of the Clifton Gardens bus stop located 100m away which travels through Mosman Junction to Milsons Point every 50 minutes in the morning and afternoon but with a 6-hour gap in the middle of the day. Needing a car is no issue due to 2 carparks and a large amount of parking in the surrounding streets due to it being a cul de sac. The actual road out the front is split level and narrow but no issue. The counterbalance here is that the isolation means close proximity to Clifton Gardens and the Harbour walking tracks. I know which I prefer.

A glimpse into a previous era that comes with some renovation dollars but a blue-chip location. There are so many positives and whilst the overall score is not an A+, if there were weightings on the positives such as views, aspect and potential then it would score much higher as the lack of renovation and its age does reduce it.