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3 & 5 Segers Avenue, Padstow NSW 2211

$4,800,000

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$4.8M - $5.04M Transparent Transparent Listing Based on an openly advertised listing price.

House 9 Beds 4 Baths 6 Cars 1075 m²

Listed: 22nd May 2026

Updated: 8 days ago

Overview

Opportunities to acquire future development sites close to Padstow CBD and the train station are increasingly rare, especially with recent changes to Negative Gearing. This property comprises two houses at 3 and 5 Segers Avenue, offering a combined land size of approximately 1075 square meters and a total frontage of about 24.99 meters.

Both houses are currently leased, providing immediate rental income. The combined accommodation includes a total of nine bedrooms, four bathrooms, and multiple off-street parking spaces, making it suitable for large families or investors seeking multiple rental incomes.

The site is zoned R4 for high-density residential development, presenting a significant opportunity for redevelopment or land banking in a highly sought-after location. The property benefits from direct sidewalk lane access to Padstow CBD, with the train station only minutes away, enhancing convenience for residents.

Nearby amenities include shops, cafes, schools, and public transport options, all within easy walking distance. This location offers excellent potential for developing shop-top units or affordable housing, subject to council approval (STCA).

Despite uncertainties around new budget plans, the residential housing sector remains a key beneficiary, and this property offers a strategic opportunity to capitalize on these changes. Prospective buyers are encouraged to consider the long-term benefits of this investment in a prime location with strong development potential.

Local Market Insights

In Padstow, Quiet Listings observed 11 new houses entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $1,440,000. The property type mix of listed properties is predominantly Houses at 69%, followed by duplexes (19%), and townhouses (6%). The most active agency for houses in the Padstow area is currently LJ Hooker, representing 45% of new listings, followed by Ray White with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.