Overview
This property at 55 Targo Road, Pendle Hill presents an exceptional opportunity for prospective home owners, builders, or investors seeking a substantial, level parcel of land in one of the area's most sought-after and central locations. The site offers an appealing canvas in a high-demand pocket surrounded by established quality homes and new developments, with promising growth prospects.
The current residence is an original weatherboard cottage, which remains in its initial condition and is ideally suited for a complete redevelopment. This makes the property a versatile option—whether your vision is to rebuild a custom-designed family home, add a granny flat, or investigate the potential for a duplex development, subject to council approval (STCA). The block is characterized by good street frontage and easy access, facilitating development possibilities.
Key Features:
- The property comprises an original weatherboard home in need of renovation or demolition and rebuild.
- The land parcel itself is a level, rectangular block that offers straightforward site access and a clear building platform.
- It is ideally positioned to serve as a new family home site or development site for a duplex, pending council consent.
- The location is highly desirable with established homes nearby and quality new build projects, contributing to excellent future value prospects.
- Zoning falls within the Cumberland Council’s R2 Low Density Residential category, allowing for a variety of development potentials.
- Permissible developments include building a new family residence possibly including a granny flat, dual occupancy, or duplex development if site dimensions allow.
- The site is well positioned in a proven growth corridor close to Parramatta and Westmead, two major economic hubs, boosting long-term investment appeal.
Location Highlights:
This address is conveniently located within walking distance to Pendle Hill Station, local shopping centers, cafes, schools, childcare facilities, and parks, providing ease of lifestyle and connectivity. Proximity to key employment and health precincts such as Parramatta CBD and Westmead Hospital, as well as major transport routes including the M4 Motorway and Great Western Highway, enhances accessibility.
Nearby Amenities:
- Pendle Hill Public School, approximately a 6 to 8-minute walk.
- Pendle Hill High School, approximately an 8 to 10-minute walk.
- Pendle Hill Train Station, serviced by lines T1 and T5, approximately a 10 to 12-minute walk.
- Pendle Hill Shopping Village, offering a range of shops and services, approximately 10 to 12 minutes on foot.
- Local childcare centre, just 3 to 5 minutes’ walk away.
This property represents significant value for buyers looking to landbank or redevelop in a dynamic, rising market. The flat and expansive land parcel offers a rare chance to customize or capitalize on multiple housing configurations in a premium location within Cumberland Council’s residential framework.
The information detailed here is furnished from sources considered reliable; however, prospective buyers are encouraged to make their own inquiries to verify accuracy and suitability.
Local Market Insights
In Pendle Hill, Quiet Listings observed 33 new houses entering the market over the last 30 days, down from 51 during the previous 30-day period, with an average advertised asking price of $1,595,152. The property type mix of listed properties is predominantly Houses at 40%, followed by apartments (25%), and units (11%). The most active agency for houses in the Pendle Hill area is currently LJ Hooker, representing 27% of new listings, followed by Ray White with 18%. 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.