Boasting a generous 1,119sqm block with an impressive 18.28m frontage, this property offers significant potential for redevelopment in a prime location, subject to council approval. Whether you're a developer, builder, investor, or homeowner, this expansive parcel of land provides an exceptional opportunity to unlock its full potential. With ample scope for a duplex, freestanding home, or even a complete reinvention, this site offers versatile options to suit a range of visions (STCA). It is also an ideal opportunity for land bankers looking for long-term growth, as well as first-time investors who want to make the most of the current rental income while planning future development. Currently leased for $850 per week ($44,200 per annum), this property is an attractive investment, providing both strong rental returns and future growth potential. This property is perfectly positioned, offering easy access to local amenities and transport, being just a 1-minute drive or 10-minute walk to Loftus Train Station, making commuting a breeze. With Loftus schools and childcare within a 2-minute drive or 7-minute walk, it's an ideal spot for families, and with the Sydney Tramway just 7 minutes away by car and local Loftus cafes only a 2-minute drive down the road, you can enjoy leisure and entertainment right at your doorstep.
The home features three well-appointed bedrooms, each generously sized and equipped with built-in wardrobes. The renovated bathroom is stylish, offering a shower recess and bathtub, plus a second WC in the internal laundry area. Moving through to the living areas, the living room is spacious, complete with air conditioning and a gas unit, ensuring year-round comfort. The dining room adjoins a newly updated Caesarstone kitchen, fitted with quality stainless steel appliances, a dishwasher, a breakfast bar, and plenty of cabinetry space. The home also boasts well-appointed living and dining areas, offering a comfortable, open layout. Outside, the covered front porch provides the perfect spot for enjoying your morning coffee, while the massive backyard offers a large, sunny level lawn and a covered entertainment area - ideal for hosting family gatherings or for future development. The separate auto lock-up garage includes a workshop space, perfect for DIY enthusiasts or for holding your additional storage.
Features include:
- Exceptional redevelopment potential set on approx. 1,119sqm with a 18.28m frontage, ideal scope for redevelopment (STCA)
- Well-appointed, spacious living and dining spaces, air conditioning and gas unit for year-round comfort
- Modern kitchen w/ updated Caesarstone kitchen, stainless steel appliances, dishwasher, breakfast bar, and ample cabinetry
- Three well-appointed bedrooms, all featuring built-in wardrobes and natural light
- Renovated bathroom, stylishly updated with a shower recess and bathtub
- Additional amenities include an internal laundry with a second WC for added convenience, plus a private front yard with a covered porch
- Expansive, sunny level backyard with a covered entertainment area, ideal for future extensions or development
- Garage & workshop, separate garage with a dedicated workshop space for DIY projects or storage
Approximate outgoing expenses:
Council Rates: $465.30 per quarter
Water Rates: $160.23 per quarter + usage
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