Growth potential Approved development opportunity

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24 Silver Street, St Peters NSW 2044

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$3.3M - $3.63M High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 600 m²

Listed: 7 days ago

Updated: yesterday

Overview

This property offers a unique development opportunity in one of St Peters' rapidly evolving growth areas. Sitting on a generous 600sqm dual-frontage block with approvals for three houses, it presents exceptional potential for developers and investors seeking to capitalize on the inner-city location's demand and connectivity.

The existing freestanding home includes three bedrooms along with versatile living spaces such as a sunroom and distinct living and dining areas. This layout provides immediate accommodation options while the substantial backyard, accessible via a driveway from Edith Street, adds outdoor value.

Located just a short walk from Sydenham train and metro stations and close to prominent local hubs such as Precinct 75 and the popular cafe Willie the Boatman, the property combines excellent lifestyle convenience with development prospects. The proximity to Sydney Park and the bustling cafes and dining options on King Street in Newtown further enhance its desirability.

Development approval for three houses across the dual frontage
Substantial 600sqm block with dual street access
Existing home with three bedrooms offering versatile living
Outdoor space with grassed backyard and driveway from Edith Street
Close to public transport and major amenities

This property suits buyers looking for a blend of lifestyle and investment potential in a sought-after inner-city location, including developers seeking approved development sites or families desiring a sizeable lot with good access.

Local Market Insights

In St Peters, Quiet Listings observed 7 new houses entering the market over the last 30 days, down from 8 during the previous 30-day period, with an average advertised asking price of $1,757,143. The property type mix of listed properties is predominantly Houses at 58%, followed by apartments (25%), and units (8%). The most active agency for houses in the St Peters area is currently Ray White, representing 57% of new listings, followed by Bresic Whitney with 29%. 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.

Open for Inspections

Upcoming inspection times scheduled in the next 14 days.

Saturday, 24 October 2026

1:00 PM - 1:30 PM AEDT

This property has had 2 previous open for inspections. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.