3 & 5 Segers Avenue
Padstow, NSW 2211

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.