5 Irwin Place, Wentworthville NSW 2145

This property is a rare and substantial development opportunity, offering DA approval as of 9 October 2025 for a 30-room co-living development under the R4 High Density Residential zoning. Situated on a 641 square metre land holding with a maximum building height of 15 metres and a Floor Space Ratio of 1.5:1, it enables a modern multi-residential lifestyle tailored for shared living arrangements.

Currently, the site includes a three-bedroom, one-bathroom house with a double carport and parking for three vehicles, generating a rental income of $570 per week. The approval for parking six vehicles complements the development’s scale and anticipated resident needs.

The property's convenient location enhances its appeal, positioned just 130 metres from the nearest bus stop and within walking distance to recreational facilities such as Wentworthville Tennis Courts (350 metres) and local shopping including Woolworths (450 metres). Commuting is facilitated by proximity to Wentworthville Train Station (1.3 km), while essential services like Westmead Hospital and retail at Westfield Parramatta are accessible within 2.2 km and 2.9 km respectively.

From an investment perspective, the development has an indicative gross annual income potential of $733,200 based on estimated rental rates for 30 rooms at $470 per week. The indicative valuation at a 6.5% gross yield is approximately $11,280,000, reflecting the significant upside for investors ready to capitalize on a growing demand for co-living accommodation in a well-connected precinct.

This offering is particularly suited to developers, investors, or entities looking to establish a well-planned communal living environment in a thriving suburb with strong transport and amenity access.