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58-60 Cumberland Road, Greystanes NSW 2145

Auction

Search Band Search Visibility Band

$2.75M - $3M Low Confidence Calculated based on limited search observations.

House 3 Beds 2 Baths 3 Cars 1372 m² 219 m²

Listed: 2 days ago

Updated: 8 hours ago

Overview

This auction campaign presents a rare development opportunity in Greystanes, featuring DA approved plans for four detached two-storey homes on adjoining blocks totalling 1,372 sqm. Strategically designed for functional family living, each approximately 219 sqm residence offers four bedrooms plus a versatile ground-floor room and media space, perfect for accommodating changing needs or hobbies.

The thoughtful design includes open-plan living areas that flow onto alfresco spaces, fostering seamless indoor-outdoor interaction ideal for casual entertaining or relaxed family time. The master suites are enhanced with walk-in robes and ensuites, delivering privacy and comfort. Notably, two homes come with inviting in-ground pools, while the other two include detached studios of 25 sqm, providing additional secluded spaces for creative work or guest accommodation.

Each home enjoys its own Torrens title, with individual street frontage and driveways, appealing to buyers seeking the security and flexibility of freehold ownership without strata complications. This project is well-positioned within a family-friendly suburb, close to quality schools and approximately a 10-minute drive to Parramatta CBD, making it a convenient choice for professionals and families alike.

DA approved on 20 May 2025 with full construction documentation ready to lodge, ensuring a streamlined development process and minimizing approval risks.
The project benefits from comprehensive architectural and interior design packages, allowing cost certainty from tender through to completion.
Half of the site is vacant land while the other half contains a single dwelling scheduled for demolition, facilitating an immediate start.
The proposed federal budget changes to negative gearing from July 2027 position this development as an attractive investment or first-home opportunity, with the new homes sold as freshly constructed supply.

Suitable for builders, investors, or developers aiming for a shovel-ready project with minimized approval hurdles, this offering combines secure land tenure with contemporary design in a growing subregion west of Sydney. Interested parties should seek their own financial and taxation advice based on proposed legislation.

Additional documentation such as stamped plans, consent conditions, full interior design packages, and arborist reports are available upon request, contributing to a thorough understanding of the property's assets and development potential.

Local Market Insights

In Greystanes, Quiet Listings observed 45 new houses entering the market over the last 30 days, down from 50 during the previous 30-day period, with an average advertised asking price of $1,459,222. The property type mix of listed properties is predominantly Houses at 48%, followed by apartments (19%), and units (14%). The most active agency for houses in the Greystanes area is currently LJ Hooker, representing 27% of new listings, followed by Riverbank Real Estate with 18%. 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.