DA Approved Duplex Site on 1,012sqm with Parkland Backdrop

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30 Lambert Street, West Ryde NSW 2114

$1,950,000

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$1.95M - $2.05M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 1012 m²

Listed: 56 days ago

Updated: 7 hours ago

Overview

This property represents a rare and significant opportunity for developers, builders, and investors seeking a generously sized parcel in a sought-after Sydney suburb. Located at 30 Lambert Street, West Ryde, the substantial 1,012sqm site boasts a wide 20.11-meter street frontage and benefits from Development Application (DA) approval for two ultra-modern five-bedroom luxury duplex residences. The approved plans provide a clear vision for creating contemporary family homes tailored to the demands of modern living, making this an exceptional prospect to unlock value in a tightly held and peaceful locale.

The property’s position backing directly onto lush parkland offers both privacy and tranquillity, creating a serene environment that will appeal particularly to families and those desiring a quiet lifestyle close to nature. Its eastern aspect enhances this appeal, flooding the site with natural light throughout the day and adding to the ambience and comfort of the prospective residences. There is also an existing three-bedroom home on the parcel which offers excellent holding potential during the development process.

The broader location is another strong point, with easy access to key neighbouring centres including Eastwood, West Ryde, Top Ryde, and Parramatta. This offers future residents a blend of suburban calm with convenient proximity to a variety of shopping, dining, and transport options. Public transport options within walking distance efficiently connect to Eastwood Station, Top Ryde City Shopping Centre, and the Parramatta CBD, which will benefit residents who commute or prefer public transit.

DA approval for two luxury five-bedroom duplexes presents a clear route to capitalising on current development potential.
Generous parcel size with a rare wide frontage supports flexible design and maximizes street presence.
Existing home provides versatile holding income or potential site staging benefits during development.
The peaceful, family-friendly location backing onto parkland encourages outdoor leisure and a healthy lifestyle.
Proximity to amenities and transport links enhances convenience without compromising the quiet setting.

This property is tailored to astute buyers with a vision for smart development within a highly desirable residential area. Its combination of space, location, and approved plans creates an unparalleled platform for the creation of premium homes that meet contemporary standards and expectations.

Local Market Insights

In West Ryde, Quiet Listings observed 5 new houses entering the market over the last 30 days, down from 7 during the previous 30-day period, with an average advertised asking price of $2,250,000. The property type mix of listed properties is predominantly Apartments at 39%, followed by units (31%), and houses (14%). The most active agency for houses in the West Ryde area is currently Uniland Real Estate, representing 20% 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.