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16 & 16a & 18 & 18a Gaza Road, West Ryde NSW 2114

Auction

Search Band Search Visibility Band

$1.5M - $2M Low Confidence Calculated based on limited search observations.

House 6 Beds 3 Baths 2 Cars 1595 m²

Listed: 49 days ago

Updated: 29 days ago

Overview

This unique opportunity comprises four adjoining properties forming a combined landholding of approximately 1,595.4 square metres with a frontage of 41.21 metres, situated in the R4 High Density Residential zone in the sought-after precinct of West Ryde.

The site offers a level and highly usable topography ideal for redevelopment projects permitted under the NSW Government's Low and Mid Rise Housing (LMR) planning framework, subject to council approvals. Its location within walking distance to West Ryde Station and the town centre provides excellent connectivity and access to daily amenities, including shopping and schools.

The four adjoining properties include two pairs of semi-detached homes currently accommodating six bedrooms, three bathrooms and two parking spaces in total. All properties are tenanted, offering immediate holding income and a strong investment prospect.

Combined large land area allowing for a range of residential developments (STCA)
Strategic position in a high-density residential precinct
Convenient proximity to transport and lifestyle facilities
Level land with wide frontage enhancing redevelopment potential

This ensemble is well suited to investors and developers aiming to capitalize on the potential for multifamily residential projects or townhouses in this growth corridor. The collective sale is preferred to maximize development scope, though individual sales may be possible.

Prospective purchasers are advised to investigate planning opportunities and undertake due diligence regarding development permissions and site usage, ensuring alignment with personal or business objectives.

Local Market Insights

In West Ryde, Quiet Listings observed 8 new houses entering the market over the last 30 days, down from 14 during the previous 30-day period, with an average advertised asking price of $2,806,250. The property type mix of listed properties is predominantly Apartments at 44%, followed by units (20%), and houses (20%). The most active agency for houses in the West Ryde area is currently Raine & Horne, representing 25% of new listings, followed by Ray White with 13%. 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.