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Overview
This property presents a valuable opportunity combining immediate rental income with potential for future development, making it particularly attractive to investors, developers, and land bankers.
Set on a substantial 569 sqm site with R3 zoning and an 18.9m frontage, the home currently offers steady cash flow, being leased at $570 per week. The zoning allows interested buyers to consider various development options, including the potential for duplex dwellings subject to council approval, adding promising growth prospects to this investment.
The surrounding area's active development enhances the property's appeal, highlighted by adjoining properties with council-approved plans for seven townhouses. These incorporate a mix of attached duplex-style residences and standalone homes, indicative of the appealing and diverse housing options being realized locally.
While the existing four-bedroom, two-bathroom home provides functional living spaces, the emphasis of this listing is on the strategic advantage of the land holding and development possibilities. The property's location also benefits from convenient access to Liverpool CBD, schools, shopping facilities, public transport, and major roads, supporting both tenants and future homeowners.
- Currently leased with strong rental yield and immediate income stream.
- R3 zoning offers development flexibility, particularly for duplex projects.
- Nearby approved developments demonstrate potential and community growth.
- Ideal for investors seeking stable return and capital growth potential.
- Close proximity to key amenities and transport enhances desirability.
Prospective purchasers should undertake thorough investigations regarding development feasibility and obtain necessary council consents. This property blends a functional existing home with substantial development upside, providing a versatile option aligned with diverse investment strategies.
Local Market Insights
In Ashcroft, Quiet Listings observed 17 new houses entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $1,122,929. The property type mix of listed properties is predominantly Houses at 90%, followed by duplexes (10%). The most active agency for houses in the Ashcroft area is currently Ray White, representing 53% of new listings, followed by LJ Hooker with 18%. 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
Ashcroft NSW 2168
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 106 m² |
Market Insights for Ashcroft NSW 2168
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