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1 Verbena Avenue, Bankstown NSW 2200

$1,750,000 - $1,850,000

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$1.75M - $1.84M Transparent Transparent Listing Based on an openly advertised listing price.

House 6 Beds 2 Baths 2 Cars 689 m²

Listed: 48 days ago

Updated: 8 days ago

Overview

This expansive property at 1 Verbena Avenue in Bankstown stands out for its rare potential and flexibility, particularly suitable for buyers interested in dual living arrangements or future development possibilities. Positioned on a level 689.2 square meter block with a generous 15.24 meter frontage and desirable rear north aspect, the site offers ample space and natural light, forming a strong foundation for multiple uses, including redevelopment subject to council approval.

Two separate residences each provide self-contained comfort with three bedrooms, open living and dining areas, and gas-fitted kitchens, making them ideal for investment with immediate income from dual rentals or for larger families seeking multi-generational accommodation. The presence of covered alfresco spaces and private backyards further emphasizes outdoor living and entertaining opportunities, enhancing lifestyle options.

Practical features such as built-in wardrobes, air conditioning, external laundries, and off-street parking enhance the everyday convenience and comfort of the homes. The property's location supports accessibility and lifestyle, being less than 1.2 kilometers from Bankstown’s shopping mall and upcoming Metro station, with bus connections even closer. Nearby schools, parks, and retail hubs add to the appeal for families or investors focused on tenant demand.

Two roomy self-contained residences with three bedrooms each
Versatile dual-income investment or redevelopment potential (STCA)
Sunny north-facing backyard and level block encouraging outdoor enjoyment
Convenient proximity to transport links and local amenities

This property will attract buyers looking for a solid investment, a home with income opportunities, or those seeking a site to develop in a quiet but well-served area of Bankstown.

Local Market Insights

In Bankstown, Quiet Listings observed 5 new houses entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $1,519,800. The property type mix of listed properties is predominantly Units at 34%, followed by apartments (32%), and houses (13%). The most active agency for houses in the Bankstown area is currently Belle Property, representing 20% of new listings, followed by LJ Hooker with 20%. 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.