20 & 20A Crown Street, Riverstone : NSW 2765

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20 & 20A Crown Street, Riverstone NSW 2765

$1,600,000

Search Band Search Visibility Band

$1.6M - $1.68M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 3 Cars 929 m²

Listed: 7 days ago

Overview

This property presents a compelling dual-income investment opportunity positioned on a substantial 929 sqm corner block in the well-established suburb of Riverstone. The site comprises a traditionally styled main residence alongside a modern granny flat, both with private access and outdoor areas, catering perfectly for tenants seeking independence while benefiting from the property's shared location.

The primary dwelling offers a spacious and functional layout, featuring three bedrooms and versatile living spaces enhanced by natural light and modern touches such as plantation shutters and split-system air conditioning. The updated kitchen with gas cooking and dishwasher easily facilitates daily meals, with the adjacent dining and family rooms flowing seamlessly to an outdoor deck, ideal for relaxed entertaining or family gatherings.

The separately constructed granny flat, built in 2017, echoes this thoughtful design ethos with two comfortable bedrooms fitted with mirrored built-ins, an internal laundry, and a kitchen with contemporary appliances. Its covered entertaining area overlooks a private garden enriched by mature greenery and supplemented with storage, providing a peaceful retreat for occupants.

Additional practical features complement the property's appeal, including side access for additional convenience, a secure carport matching a single car's dimensions, and ample storage provisions. Being only a short distance from Riverstone Railway Station, local shops, and convenient bus routes further ensures connectivity and lifestyle ease.

Offering combined rental incomes of $1,160 per week from both residences, this property is particularly suited to investors seeking established, dual income streams with the benefit of long-term tenants. The combination of a significant land parcel, separate living arrangements, and proximity to transport underscores its attraction in the current market.

Local Market Insights

In Riverstone, Quiet Listings observed 148 new houses entering the market over the last 30 days, up from 115 during the previous 30-day period, with an average advertised asking price of $1,507,029. The property type mix of listed properties is predominantly Houses at 69%, followed by land (22%), and townhouses (4%). The most active agency for houses in the Riverstone area is currently Ray White, representing 39% of new listings. 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.