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24 Queen Street, Canley Vale NSW 2166

New To Market | 2 Lots - Duplex Site (STCA)

Search Band

$1.33M - $1.46M Low Confidence Calculated based on limited search observations.

House 3 beds 1 bath 1 car

Listed: 8 days ago

Updated: 2 days ago

Overview

Located in the sought-after suburb of Canley Vale, this property presents a significant opportunity for developers and investors alike with its prime 2-lot duplex site potential (subject to council approval). Nestled within close proximity to multiple central business districts including Canley Vale and Canley Heights, it offers both immediate development possibilities and strategic future landbanking options.

The land is a flat, regular-shaped rectangular block which supports its development appeal. Currently, it hosts a functional three-bedroom home accompanied by a detached studio and a carport, making it an attractive option for those seeking rental income or flexible usage while planning redevelopment.

Two-lot property ideal for subdivision (STCA)
Flat and regular shape supporting diverse development
Potential rental return estimated at approximately $650 per week
Formal lounge and adjoining dining area create a comfortable living environment
Functional kitchen contributing to everyday convenience
Side access enhancing multi-purpose usage and potential for vehicle movement
Carport plus detached studio offering valuable additional space

This property is a strong contender for young and experienced developers aiming to capitalize on the suburb’s ongoing growth and for investors seeking a dual opportunity of rental yield and capital gains. Its strategic location and land configuration deliver flexibility in planning your future project or maximizing asset holding advantages.

An upcoming auction at the Smithfield RSL presents the platform for acquisition, reinforcing the exclusivity and desirability of this development site in a market where opportunities of this nature are increasingly rare.

Local Market Insights

In Canley Vale, Quiet Listings observed 5 new houses entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $1,415,000. The property type mix of listed properties is predominantly Houses at 50%, followed by units (36%), and duplexes (14%). The most active agency for houses in the Canley Vale area is currently Ray White, representing 80% of new listings, followed by McGrath Estate Agents 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.