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I'm looking more down the Redfern end and haven't looked at Newtown/Erskineville in a few years. This one was a bit of a jaw dropper: http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007975483 It sold for $900k before auction. Maybe there's something in it that I'm not seeing...

Ajax, the house almost directly opposite to this (painted blue) sold for $620k in around April. Not sure if you saw that one, but it was a dated renovation, 2 beds, no parking and potential small attic. It seems this part of Redfern has been quite stagnant whilst places on Wilson St Darlington...