8 & 8a Calgaroo Crescent
Kingswood, NSW 2747

Positioned in the highly sought-after south side of Kingswood, this exceptional property is situated on a generous 800 square meter corner block. The offering includes a well-maintained three-bedroom main residence complemented by an attached two-bedroom granny flat, together providing a combined potential rental return exceeding $1,100 per week.

Adding significant value, the property benefits from Development Approval (DA) to construct and subsequently subdivide a separate five-bedroom home, while retaining the existing dwellings. This presents outstanding future development opportunities and the potential for triple income streams, making it an ideal investment for large families seeking flexible dual-living arrangements or savvy investors aiming to secure a dual-income asset with future development prospects.

Key features of the DA include approval to build a two-storey five-bedroom home with two and a half bathrooms and a single car garage, while maintaining the existing dwellings. There is also approval for a second driveway and carport to service the existing residence. A construction certificate is in place, allowing immediate commencement of construction with no expiry date, and approval for strata subdivision upon completion. The new dwelling is projected to generate a rental return of approximately $900 per week.

The main residence offers three bedrooms, each fitted with built-in robes for comfortable accommodation. The stylish kitchen is equipped with Caesarstone benchtops, electric cooking appliances, an integrated dishwasher, and a rangehood, combining functionality with modern appeal. The spacious living area features a combustion fireplace and adjoins a dining room with ducted air conditioning, providing a comfortable environment for family living and entertaining. The modern three-way bathroom includes a bathtub and separate toilet, complemented by an internal laundry with ample storage. The low-maintenance paved courtyard includes a garden shed and side gate access. This residence has a potential rental return of $600 per week.

The attached granny flat comprises two bedrooms, both with built-in robes. It features a newly renovated kitchen with electric cooking, rangehood, and dishwasher. The bathroom has been updated to a sleek, modern design, and there is a generously sized internal laundry. The light-filled open-plan living and dining areas are enhanced by split system air conditioning, creating a comfortable and inviting space for everyday living and entertaining. The granny flat offers a potential rental return of $520 per week.

This property represents an outstanding opportunity to secure a high-yield, future-proof asset with significant development potential in one of Kingswood's most desirable locations. It is conveniently located just moments from local shops, schools, and public transport, providing excellent lifestyle and investment benefits.

Approximate distances to local amenities include:

• 260 meters to the bus stop
• 850 meters to Kingswood Public School
• 1 kilometer to Kingswood High School
• 1.4 kilometers to Western Sydney University, Penrith campus
• 1.7 kilometers to TAFE NSW Kingswood
• 1.7 kilometers to Nepean Hospital
• 2.1 kilometers to Caddens Corner with Woolworths
• 2.8 kilometers to M4 Motorway access
• 3.1 kilometers to Kingswood train station (walking distance)
• 4.2 kilometers to Westfield Penrith
• 4.8 kilometers to Panthers Penrith Leagues Club
• 5.1 kilometers to Sydney Metro Orchard Hills (under construction)
• 15.2 kilometers to Western Sydney International Airport (under construction)
• 54 kilometers to Sydney CBD

Prospective purchasers are encouraged to conduct their own independent inquiries to verify the information provided and assess the suitability of this unique property to their needs.