CDC Approved Luxury Duplex Development - 866sqm with 20.1m Frontage

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102 Kennedy Street, Picnic Point NSW 2213

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$2.5M - $2.75M High Confidence Calculated based on strong search observations.

House 3 Beds 3 Baths 3 Cars 866 m²

Listed: 23 hours ago

Overview

Situated in one of the most coveted and tightly held areas of Picnic Point, this expansive 866.3 square meter property offers a rare development prospect underpinned by a Complying Development Certificate (CDC) approval. The current approval facilitates the demolition of existing structures and the construction of two separate luxurious detached residences. Each new home is designed to feature five bedrooms and four bathrooms, complete with private lifts, basement accommodations, and private swimming pools, perfectly suited to meet the expectations of upscale family living.

The generous 20.115 meter frontage enhances the property's presence, making it a remarkable opportunity for developers, builders, and savvy investors to capitalise on an approved project within a family-friendly locale prized for its convenience and community.

The approved designs emphasize sophisticated contemporary lifestyles, as seen in spacious layouts, premium finishes, and high functionality. Private lifts and basement living areas introduce an element of exclusivity and ease, while individual pools offer private relaxation spaces, reflecting a growing market demand for exceptional family homes.

Alternatively, purchasers may consider retaining the current three-bedroom residence with additional studies and multiple living spaces, featuring two bathrooms and an established inground pool, allowing flexibility for a personal renovation or to hold the property as a substantial land asset in this enviable location.

Embedded in the sought-after Picnic Point Public School catchment zone, the property also benefits from unparalleled accessibility to local amenities including shopping, cafes, public transport, and proximity to the picturesque Georges River, enhancing everyday lifestyle and future value.

Opportunity to create two distinct luxury family homes on one large landholding
CDC approval streamlining the development process
Spacious, contemporary designs with premium features like lifts and pools
Existing residence offers immediate accommodation or renovation potential
Ideal for families, developers, investors, and professionals seeking a prime location
Close to schools, shops, transport nodes, and recreational riverside areas

Local Market Insights

In Picnic Point, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $1,702,778. The property type mix of listed properties is predominantly Houses at 78%, followed by duplexes (13%), and villas (4%). The most active agency for houses in the Picnic Point area is currently First National, representing 28% of new listings, followed by PRD Nationwide with 28%. 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.