2 Cleveland Lane, Chippendale, NSW 2008

As someone who lives and breathes real estate, Charles Bailey can recognise the value of a home that offers that sought-after combination of space, character and potential as demonstrated by this freestanding double storey house. "It's tucked away on a walled corner block in one of Chippendale's unique laneways, close to Broadway shops, Glebe village and Sydney University," he says. "The home is comfortable now, can be updated to taste and will appeal to owner-occupiers or those looking for an investment property. You really are in the heart of everything if that's what you want, but it's surprisingly peaceful and provides a private retreat away from the bustle of city life."

-High ceilings, exposed brick and ornamental fireplaces

-Spacious living area and neat kitchen with dining space

-Good size bedroom on each level, one has walk-in robe

-Bathroom with shower/bath, separate internal laundry

-Floating floorboards and large under stair storage area

-Low-maintenance L-shaped courtyard for entertaining

-On-street residential permit parking subject to eligibility

-Within 650m of Broadway shops and Sydney University