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21 Bilbul Place, Bilbul NSW 2680

160000

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$160k - $168k Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 2 Cars 1010 m²

Listed: 32 days ago

Updated: 9 days ago

Overview

This property at 21 Bilbul Place presents a unique opportunity for those willing to invest effort and vision into a substantial renovation project. Situated on a spacious 1010sqm lot with both front and rear lane access, it offers significant flexibility that is rare in the current market. The recently replaced Colorbond roof signals some recent upkeep, yet the home itself is in an uninhabitable condition, demanding major work to restore and reimagine its potential.

The large carport measuring 5.7 by 14.6 meters and an additional 12 by 7 meter shed provide extensive space for parking and storage, making the site ideal for tradespeople, builders, or hobbyists who require ample workspace on their premises. The zoning as RU5 – Village broadens its scope, potentially allowing for diverse uses including multiple dwellings with council approval, further enhancing the investment appeal.

This property will particularly suit buyers who are seeking a project with potential for value creation through renovation, rebuilding, or redevelopment. Its generous land size combined with structural features and location aligns well with those who have the skill or resources to unlock the upside that comes from a property needing comprehensive upgrades.

The home is not for the faint-hearted or those seeking a move-in ready residence, but for those prepared to roll up their sleeves, it represents a gateway onto the property ladder or an investor's opportunity to rework a property and capitalize on its future potential.

Local Market Insights

In Bilbul, Quiet Listings observed 20 new houses entering the market over the last 30 days, down from 25 during the previous 30-day period, with an average advertised asking price of $854,850. The property type mix of listed properties is predominantly Houses at 74%, followed by land (15%), and units (7%). The most active agency for houses in the Bilbul area is currently Soul Property Agents, representing 40% of new listings, followed by Elders Real Estate with 30%. 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.