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Overview
Set on a substantial and level 651.3sqm block with a wide 15-meter frontage, this property offers both immediate income and strong development potential, making it a rare find in Bankstown's competitive market.
The site currently features a three-bedroom main residence and an attached granny flat with a separate entrance. Both are leased, providing a combined rental income estimated between $1,250 and $1,350 per week. This setup is ideal for investors seeking steady cash flow while planning future redevelopment opportunities subject to council approval.
This property's generous land size and frontage allow for the potential construction of a duplex (subject to council approval), appealing to developers or owner-occupiers looking to capitalize on the growing demand in the area.
Further advantages include close proximity to important amenities such as Bankstown Hospital, schools, shopping centers, public transport links, and easy access to the M5 Motorway and the upcoming Bankstown Metro station. These location benefits contribute to the property's strong appeal for a range of buyers, from families to developers and savvy investors.
The property presents versatility: live in one dwelling while renting the other, invest for reliable rental returns, or explore redevelopment possibilities. The wide frontage and level block, paired with the current income, make this a flexible asset positioned for future growth.
- Level 651.3sqm block with 15m frontage
- Three-bedroom primary residence generating $750-$850 weekly rental income
- Attached granny flat with private entry leased at $500 per week
- Combined strong holding income during future development planning
- Close to essential services and transport links increasing convenience and appeal
This property is well-suited to those seeking a balance of present-day rental income and long-term development prospects in a high-growth locale.
Local Market Insights
In Bankstown, Quiet Listings observed 16 new houses entering the market over the last 30 days, up from 11 during the previous 30-day period, with an average advertised asking price of $1,940,619. The property type mix of listed properties is predominantly Houses at 37%, followed by apartments (28%), and units (17%). Ray White was the most active agency in this area, representing 28.6% 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.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
Location
Bankstown NSW 2200
Market Insights for Bankstown NSW 2200
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.
