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Overview
This expansive 2,293 sqm property in Northmead presents a prime development prospect, uniquely blending an established residence with a high-yield subdivision opportunity. The site is fully approved for a three-lot subdivision, offering a rare chance for investors and developers to benefit from both immediate returns and long-term growth potential.
The existing home is a fully renovated, spacious five-bedroom residence that historically operated as a doctor's surgery for a quarter-century, now transformed into a comfortable family home. This tenant-occupied dwelling on a substantial 653 sqm allotment currently secures a reliable income stream under a 10-year lease, mitigating holding costs.
Beyond the existing residence, the approved development blueprint offers two additional lots, each around 670 sqm, designed to accommodate multiple units. Lot 2 is set for two large ground-floor units of 121 sqm each, boasting five bedrooms, while Lot 3 enables two further ground-floor units with four bedrooms, varying between 85 and 97 sqm. This diversity in unit sizes caters well to a range of market segments seeking generous living spaces.
- Constructed infrastructure includes essential stormwater and sewer lines, substantially reducing civil works and expediting development timelines.
- Full payment of council levies and developer contributions removes financial uncertainty and ensures a smooth approval process.
- A registered easement to Francis Street provides practical access, enhancing the site's value and development readiness.
For developers aiming to bypass planning delays, this fully approved and serviced site in a sought-after, growth-focused locality offers a de-risked path straight to construction. The established tenancy adds a layer of financial security, making 4 Hammers Road a strategic acquisition for portfolios targeting development upside and cash flow generation.
Local Market Insights
In Northmead, Quiet Listings observed 5 new houses entering the market over the last 30 days, unchanged from 5 in the prior period, with an average advertised asking price of $1,940,000. The property type mix of listed properties is predominantly Houses at 30%, followed by apartments (25%), and villas (10%). ResponseRE was the most active agency monitored, representing 18.8% of all new listings monitored during 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
Northmead NSW 2152
Market Insights for Northmead NSW 2152
Other properties in this postcode
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