61 Wentworth Avenue
Wentworthville, NSW 2145

This exceptional property located at 61 Wentworth Avenue, Wentworthville, is a unique investment opportunity combining immediate rental income with a DA-approved co-living development plan, offering a high-yield future hold strategy. Situated in a prime location, it is just a short two-minute walk from the Wentworthville railway station, providing excellent transport connectivity. The property is also conveniently close to key amenities including the University of Western Sydney, Westmead health and medical precinct, and Parramatta CBD, all within a short driving distance.

The existing property currently generates a steady rental income, featuring nine bedrooms and a self-contained granny flat, all individually leased. This setup yields approximately $2,500 per week, equating to around $130,000 annually, providing immediate cash flow for the investor. This means the purchaser acquires not just a site with potential but an income-producing asset from day one, supporting holding costs while preparing for future development.

The site benefits from a clear and defined development pathway with an approved Development Application (DA) for a co-living project. The approved scheme includes 32 self-contained studio units, each ranging from 20 to 25 square metres. Every studio is designed with its own private ensuite, kitchenette, and private outdoor space such as a courtyard or balcony, enhancing resident privacy and comfort.

The development plan also includes a single-level basement and a three-storey residential building with shared facilities designed to enhance the living experience. These shared amenities include a gym, co-working spaces, and a garden BBQ and social area, fostering a community atmosphere while maintaining individual privacy.

This project stands out by balancing density with quality of life, ensuring each compact studio unit offers genuine privacy, independence, and outdoor amenity. These features are critical for tenant appeal, rental resilience, and long-term leasing performance.

Looking ahead, the property presents strong future income potential. With 32 studios each potentially renting at $500 per week, the indicative gross rental income could reach approximately $832,000 per annum. This highlights the property's value not only as an older house with redevelopment upside but as a scalable, income-generating asset under the approved scheme.

The land fundamentals are robust, with a land area of approximately 1,024 square metres and R4 High-Density Residential zoning. This zoning provides significant flexibility and strong redevelopment attributes, making the site a valuable holding in its own right.

Combined with the approved DA, the buyer is acquiring a site with a highly defined and substantially de-risked next step, rather than speculative potential. The location's demand drivers extend beyond proximity to transport, encompassing a strong and reliable rental catchment supported by a growing employment base, healthcare demand, education, and urban infrastructure investment.

The Wentworthville, Westmead, and Parramatta corridor is one of Western Sydney's most dynamic growth areas, with established transport connectivity, a major health and medical precinct providing extensive employment opportunities, and Parramatta's ongoing development as Sydney's second CBD. Western Sydney's long-term population and employment growth further underpin the investment case.

This property represents a compelling investment opportunity grounded in tangible factors such as transport, employment, healthcare demand, policy support, and population growth converging in this corridor. The DA approval documents are available upon request for interested parties.

Disclaimer: All information provided is gathered from sources considered reliable; however, accuracy cannot be guaranteed, and interested persons should conduct their own inquiries.