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Overview
This property showcases a 3-bedroom home situated on a generous 866.3 square meter R3 medium density zoned block, presenting a significant opportunity for developers, investors, and home builders in the sought-after Hilltop region of Merrylands West.
The stand offers exceptional development prospects, including Development Approval (DA) for the construction of 11 townhouses and a childcare center capable of accommodating 100 children, contingent upon acquiring this property in conjunction with the adjoining neighboring block, which is also under the same ownership and available for sale.
This site benefits from a prime location close to essential amenities, recreational parks, and multiple transport options, making it an ideal investment or project site within a rapidly growing and desirable area.
The property's location is highly convenient, being only 400 meters from the Hilltop shopping and café district, approximately 250 meters from the Merrylands Park, local tennis courts, and the Merrylands Swimming Centre. Furthermore, the site enjoys easy accessibility to the M4 Motorway and is within a short drive of Parramatta and Sydney's Central Business District.
Key features include a wide street frontage of 17.79 meters, allowing for flexible design and development possibilities, as well as a zoning classification favoring medium-density living that supports the potential for duplex development, subject to council approval (STCA).
Additional benefits of this acquisition include proximity to schools, shopping centers, public parks, and robust public transport services, enhancing the site's attractiveness for residential development or long-term investment.
Ongoing costs related to the property include quarterly council rates of $518 and water rates of $195.06, which are important considerations for budgeting purposes.
Local Market Insights
In Merrylands West, Quiet Listings observed 22 new houses entering the market over the last 30 days, unchanged from 22 in the prior period, with an average advertised asking price of $1,474,000. The property type mix of listed properties is predominantly Apartments at 49%, followed by houses (29%), and units (13%). Blue Prime Realty was the most active agency in this area, representing 12.5% of all new listings in the last 30 days. 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.
Location
Merrylands West NSW 2160
Market Insights for Merrylands West NSW 2160
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.
