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Overview
This substantial property in Bargo presents a prime development opportunity within a rapidly growing residential corridor of the Southern Highlands. The generous 4,667 square metre flat and fully usable land parcel, combined with an impressive 49.3-metre street frontage, offers excellent flexibility for subdivision projects, potentially allowing for up to seven residential allotments subject to council approval.
Zoned R2 Low Density Residential, with a minimum lot size of 700 square metres, the site is well-positioned for future residential development enhanced by readily available services including a sewer line at the street and an adjacent stormwater drainage channel. The mostly clear site, with only a few small sheds and minimal tree coverage, reduces upfront development costs and planning constraints.
Currently, the property features an existing neat three-bedroom home with two bathrooms and a double garage. This residence is leased at $650 per week, providing immediate holding income as development approvals are pursued. This income stream adds value for investors or developers seeking to maintain cash flow during the planning phase.
Bargo itself is increasingly popular among families, commuters, and developers for its balance of a semi-rural lifestyle with growing amenities, including local schools, shops, public transport, and recreational options. Convenient access to the Hume Motorway ensures straightforward commuting to major centres like Sydney, Campbelltown, and the Southern Highlands.
This property will appeal to experienced developers or strategic investors looking for a well-situated project with strong future growth potential. The tender sale process encourages thorough due diligence and offers equal opportunity to submit offers within the set timeframe.
Local Market Insights
In Bargo, Quiet Listings observed 23 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $1,425,000. All new listings observed during this period were Houses. The only agency with for houses listings currently monitored in the Bargo area is Anna Younan Property. 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
Bargo NSW 2574
Market Insights for Bargo NSW 2574
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