Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This 952 square metre parcel in Pendle Hill offers a unique investment opportunity characterized by its approved development plans and promising long-term growth potential. The land benefits from an existing solid brick 5-bedroom home in good condition, offering versatility for immediate rental income or owner occupation during planning and development stages.
The key highlight of this property is the Development Approval for four separate dwellings: two architecturally designed Torrens title homes alongside two 2-bedroom granny flats. This configuration supports multiple income streams, which, once built, are forecasted to generate a total weekly rental income of between $3,300 and $3,500, equating to approximately $171,600 per annum based on 2027 projections.
Investors will find value in the property's positive cash flow potential from completion, bolstered by expected steady capital growth averaging between 5-7% annually, and notable tax depreciation benefits. The dual-income zoning and flexible staging options, particularly the ability to develop and lease the granny flats first, provide diverse strategies to maximize investment returns and reduce financial exposure during construction phases.
Located in one of Sydney's rapidly appreciating suburbs, this offering is particularly appealing to strategic investors seeking balanced risk-to-reward profiles, combining tangible equity growth with multiple exit options. The presence of features such as 3 phase power, air conditioning, alarm system, built-ins, and proximity to schools, shops, and transport further enhance the site's functionality and lifestyle appeal.
- DA approved for four dwellings including two luxury homes and two granny flats
- Strong rental yield forecast with four distinct income streams
- Flexible development and holding options suited to various investment strategies
- Solid existing home enabling immediate occupation or rental returns
- Located in an established area with dual-income zoning
Overall, this property presents an uncommon opportunity combining immediate usability with the prospect of a lucrative multi-dwelling development, supported by solid fundamentals that appeal to prudent investors prioritizing cash flow and capital growth.
Local Market Insights
In Pendle Hill, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $2,466,667. The property type mix of listed properties is predominantly Houses at 46%, followed by apartments (34%), and units (5%). McGrath Estate Agents was the most active agency in this area, representing 26.1% 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
Pendle Hill NSW 2145
Market Insights for Pendle Hill NSW 2145
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.
