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1 Wiak Road, Jannali NSW 2226

For Sale

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$8M - $9M Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 1 Car 2657 m²

Listed: 52 days ago

Updated: 18 hours ago

Overview

This DA approved development site presents a unique opportunity for developers or investors seeking to create a substantial residential complex in Jannali. The site covers an expansive 2,657 square meters, offering considerable space to capitalize on the zoning regulations which permit high density residential development under R4 zoning. With development approval secured for 22 three-bedroom apartments, the groundwork to establish a sizeable community living space is already in place, reducing preliminary hurdles and expediting potential project commencement.

The generous frontage of approximately 72.775 meters and depth near 35.5 meters affords flexible design possibilities to optimize both building footprint and amenity provision. The height limit of 16 meters and floor space ratio (FSR) of 1.2:1 provide an advantageous framework for maximizing gross floor area, enhancing the commercial viability of the site.

Strategically positioned within walking distance to Jannali Train Station, local shopping precinct, and the Union Place Hotel, future residents would benefit from excellent access to transit, retail, dining, and social hubs—an attractive proposition for a broad demographic including professionals and families.

Extensive 2,657 sqm land size facilitating multi-unit development.
DA approval for 22 three-bedroom apartments, ready for construction planning.
Convenient location near transport and local amenities ensuring lifestyle appeal.
Zoning and planning controls favor a substantial building envelope conducive to investment returns.

This site holds strong potential for developers aiming to leverage Jannali's growth and the affordable housing code provisions, subject to council approvals. Ideal for those looking to deliver well-designed medium-density housing to meet rising demand in a sought-after suburb.

Local Market Insights

In Jannali, Quiet Listings observed 6 new houses entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $1,841,667. The property type mix of listed properties is predominantly Houses at 70%, followed by townhouses (20%), and units (10%). The most active agency for houses in the Jannali area is currently Ray White, representing 33% of new listings, followed by Highland with 33%. 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.