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Overview
Occupying a generous 885.2 square meter parcel with an ample 15.24 meter frontage, this property marries steady income generation with expansive future potential. At the heart of the site is a three-bedroom residence currently leased at $550 per week, ideal for investors seeking immediate rental return alongside development opportunities subject to council approval.
The clear and sizeable land offers versatility, whether for renovation, redevelopment, or rebuilding, granting freedom to tailor the property to future needs or market trends. Its location is strategically convenient, within easy reach of schools, shopping facilities, parks, and public transport, enhancing everyday living and accessibility.
This property presents a unique prospect to secure significant land banking options in Greystanes. Its blend of ongoing income and development potential is suited to savvy investors or developers seeking a foothold in a desirable area with imminent possibilities.
Local Market Insights
In Greystanes, Quiet Listings observed 50 new houses entering the market over the last 30 days, up from 47 during the previous 30-day period, with an average advertised asking price of $1,526,900. The property type mix of listed properties is predominantly Houses at 45%, followed by apartments (23%), and units (15%). The most active agency for houses in the Greystanes area is currently LJ Hooker, representing 30% of new listings, followed by McGrath Estate Agents with 28%. 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
Greystanes NSW 2145
Market Insights for Greystanes NSW 2145
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