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Just dug this up, it sold for $420k.

Move the kitchen to the bottom/left of the floor plan. Leaves a little nook for dining table where the existing kitchen used to be. Toilet door can then be relocated to adjacent wall. Will also result in an open plan design after removing the kitchen walls, bonus!

http://balmainrealty.com/1P1402 400k for a studio in Balmain, potential to convert to a 1 bedroom! Am I missing something here? Floorplan: http://balmainrealty.com/system/floorplan.php?id=1P1402-1 The streetview for this building is a little suss...