Rare 1,480sqm Oatley Site | Approved Subdivision DA | Future Development Potential

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44 Oatley Parade, Oatley NSW 2223

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$2.5M - $2.75M High Confidence Calculated based on strong search observations.

House 3 Beds 2 Baths 1 Car 1480 m²

Listed: 51 days ago

Updated: 23 days ago

Overview

This expansive property in Oatley represents a rare and valuable opportunity to acquire a sizeable parcel of near-level land spanning approximately 1,480 square metres. Positioned in a sought-after locale, the site is primed for future development, backed by an approved subdivision development application (DA2023/0334), offering considerable flexibility and a head start for buyers with development aspirations.

The existing residence, a solid brick construction, provides immediate functionality with three bedrooms (two featuring built-in robes), two bathrooms, and a combined lounge and dining area. There is potential for a third bedroom, catering to a variety of household needs.

The large grassed yard complements the property, enhancing outdoor living potential and offering appeal to families or those valuing space for recreation and gardening. The property is currently tenanted, delivering immediate rental income, thereby suiting investors seeking both short-term returns and long-term capital growth.

Generous land size of approximately 1,480 sqm supports subdivision or redevelopment (subject to council approval).
Existing approved subdivision facilitates opportunities such as a duplex and additional dwelling, subject to relevant consents.
Close proximity to key amenities including a short walk to Oatley Public School and Oatley Train Station enhances convenience and lifestyle.
Nearby village precinct offers an array of shops, cafés, and parks, fostering a community-oriented living environment.

Overall, this site is ideal for buyers seeking a significant landholding with development potential, combining lifestyle accessibility with strategic investment prospects.

Local Market Insights

In Oatley, Quiet Listings observed 19 new houses entering the market over the last 30 days, up from 10 during the previous 30-day period, with an average advertised asking price of $2,081,579. The property type mix of listed properties is predominantly Houses at 69%, followed by townhouses (9%), and units (6%). The most active agency for houses in the Oatley area is currently Ray White, representing 32% of new listings, followed by McGrath Estate Agents with 26%. 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.