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Overview
DA-Approved 32 studio Co-Living / Boarding House Development Site
Efficient, low-cost design, no basement
Strong studio rental demand profile
Landlords’ market, 1.5% vacancy rate
Property Highlights
* DA & CC approved for 32 studio rooms over a café.
* Efficient and cost-effective design with no basement.
* Parking: 7 car / 7 motorcycle / 7 bicycle.
* Dual street frontage front and rear providing great access for construction and future residents.
* Forecast furnished fully leased Gross Annual Revenue (GAR) of $865,280.
* Strong local rental demand profile for studios, with 47% renters and 27% solo renters in the area.
* Landlords market with 1.5% vacancy rate providing robust rental growth prospects with 10% growth YOY.
* Location mote of protection with the nearest boarding houses currently over 1km away.
* Planning mote of protection with boarding house developments more restricted under current Housing SEPP.
* Excellent amenity for residents, situated among shops, adjoining a park, and with bus services to St Marys train station.
* St Marys train station connects to key employment hubs including Penrith, Parramatta, and Sydney CBD.
* The St Marys Metro Station, currently under construction, will connect to the new Western Sydney 24/7 International Airport, expected to open in 2026.
* Huge population growth is forecast for Western Sydney, underpinning future demand.
* Future housing supply is reduced due to current constraints expected to increase demand for existing property.
* The property will be sold at auction if not sold prior.
Auction 05 November 2026 | Contracts, plans & approval available on request
Deliver now in one of Western Sydney's most connected growth corridors. 1921 Parklawn Place comes DA & CC approved for a contemporary, Co-Living / new-generation boarding house comprising 32 studios, generous communal areas and a street-activating café/retail at ground exactly the format operators and investors are chasing near rail, retail and employment. Set across two titles in a quiet cul-de-sac amongst a group of neighbourhood shops, the site is a short walk to bus services to St Marys Station and will benefit from the new Airport Metro interchange at St Marys, expanding tenant catchment and strengthening income resilience.
Local Market Insights
In North St Mary, Quiet Listings observed 31 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $1,033,355. The property type mix of listed properties is predominantly Houses at 45%, followed by townhouses (23%), and units (13%). The most active agency for houses in the North St Mary area is currently Ray White, representing 58% of new listings, followed by Laing + Simmons with 16%. 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
Market Insights for North St Mary NSW 2760
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