22//22 Knox Street, Pendle Hill NSW 2145

This exceptional DA-approved land opportunity is perfectly positioned in Pendle Hill, showcasing a substantial 952 square meter parcel with full development approval for four dwellings. The site is ideal for investors seeking a versatile and future-proof addition to their portfolio, blending immediate rental income potential with impressive capital growth.

Developers will appreciate the thoughtfully designed plan featuring two architecturally crafted Torrens title homes, alongside two modern 2-bedroom granny flats. This configuration ensures multiple income streams, making it a highly attractive proposition given Sydney’s current tight land supply and surging rental demand.

Currently enhanced by a well-maintained solid brick 5-bedroom home, the property offers flexible short-term use, whether for rental income or personal occupation, while progressing towards the full development. The forecasted weekly rental yield reaching $3,300–$3,500 by 2027 highlights strong positive cashflow potential from completion.

• Development approval for four dwellings including two luxury residences and two granny flats
• Generous land size provides ample space for development and outdoor living
• Positive cashflow investment driven by high projected rental income
• Strategic location with close proximity to schools, shops, and transport links
• Rare opportunity that presents multiple building and retention strategies

This property presents a rare chance to capitalise on an established dual-income zoning within a sought-after suburb, promising a balanced approach to both risk and reward. The combination of sustainable rental income complemented by continuous equity growth makes this an appealing option for experienced investors looking to build a diversified and resilient portfolio.

With additional features such as air conditioning, alarm system, built-in amenities, intercom, and 3-phase power, the planned residences will offer modern conveniences that enhance tenant appeal and long-term rental demand. The presence of both a garage and carport further contributes to functionality and tenant convenience.

In summary, this DA-approved site is an exemplary investment vehicle distinguished by its promising income forecast, sound structural potential, and flexibility in execution—an outstanding offering for those aiming to deliver sustained value over time.