Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Prime R4 Development Site | 1,027sqm Block with 24.2m Frontage | <500m to Yagoona Station
This property represents a prime investment opportunity and significant capital upside under the New South Wales Low and Mid-Rise Housing Policy. It is currently offered under instructions to sell, presenting one of Yagoona's most valuable residential landbanks.
The site encompasses an impressive land area of approximately 1,027 square meters, spanning across two titles at 108-110 Caldwell Parade. Zoned for high-density R4 development, the land boasts a commanding frontage of 24.2 meters, ideal for developers seeking to maximize yield and design flexibility.
Strategically located less than 500 meters from Yagoona Train Station and the town center, this blue-chip site is perfectly positioned to leverage the benefits of the NSW Government's Low and Mid-Rise Housing Policy. While architectural plans are being finalized and development applications lodged, the property currently generates a combined rental income of $1,630 per week from two existing houses, providing a strong holding income to offset costs.
Key Investment and Development Highlights:
- The Land: A superb parcel of approximately 1,027 square meters of high-density R4 Zoned land.
- The Frontage: An exceptional 24.1-meter wide frontage, facilitating seamless basement parking configurations and maximum yield design, subject to council approval.
- The Location: A developer's dream, situated within a 500-meter walk to Yagoona Station, local retail precinct, schools, and parks.
- Holding Income: Secure $1,630 per week combined rental income from two generous existing homes, providing a reliable cash flow during the development process.
- Existing Dwellings: Two substantial and well-maintained homes under two separate titles, featuring spacious living zones, fully functional kitchens, and deep backyards.
- Lease Potential: The homes are exceptionally easy to re-lease, offering an immediate safety net for cash flow.
Location Convenience:
- Yagoona Station and Shops are within an approximate 5-minute walk (around 450 meters).
- Bankstown CBD is under 5 minutes by car or one train stop away, offering major hospital, university, and shopping infrastructure.
- Local schools such as Yagoona Public School and LaSalle Catholic College are just moments away.
Developer's Note: The LMR Advantage
The NSW Government's Low and Mid-Rise Housing Policy significantly enhances the value of well-located transport hubs. This R4 zoned site lies comfortably within the high-demand 400 to 800 meter station perimeter, allowing developers to bypass restrictive local council controls and unlock superior height, floor space ratio, and density metrics for multi-dwelling townhouses or residential flat buildings, subject to council approval.
This is a unique opportunity to secure a piece of Yagoona's rapidly evolving skyline and capitalize on the area's growth potential.
Disclaimer: All information provided is considered reliable but is not guaranteed and should be independently verified. Figures including land size, frontage estimation, and distances to amenities are approximate. The listing agent and seller make no warranties or representations regarding the accuracy or completeness of the information. Images may include digital enhancements or virtual staging for illustrative purposes. Development is subject to council and state planning approval, and buyers are advised to conduct their own due diligence regarding zoning, overlays, and the application of the NSW Low and Mid-Rise Housing Policy.
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.
Change History
| Headline | When |
|---|---|
| CONTACT AGENT | Prime R4 Development Site | |
| CONTACT AGENT |
Location
Yagoona NSW 2199
Market Insights for Yagoona NSW 2199
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.