Duplex Site in a Convenient Gymea Location

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288 President Avenue, Gymea NSW 2227

Off Market

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$1.7M - $1.8M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 715 m²

Listed: 1 hour ago

Overview

This notable residence at 288 President Avenue, Gymea, offers a distinctive proposition for builders, developers, and investors alike. Set on a well-presented and generously sized 714.5sqm clear parcel, the property presents not only comfortable living but also the enticing potential for a duplex development, subject to council approval (STCA). The site benefits from a generous frontage of 16.765 meters, absence of easements, and a natural fall toward the street, creating advantageous development conditions.

Currently a comfortable and inviting home, the property lends itself to immediate occupancy or leasing, providing flexibility for owners as they plan future developments. Positioned within the R2 Low Density Residential zoning and the Low and Mid-Rise Housing precinct, the land merges accessibility with potential, situated just a short stroll from Gymea Village shops and cafés, with public transport and larger retail amenities within easy reach.

Spacious 714.5sqm land parcel with optimal frontage for development
Potential for duplex development aligned with local zoning regulations
Privacy and convenience with no easements affecting the site
Proximity to vibrant local retail hubs and transport, enhancing lifestyle options

Ideal for developers looking to capitalize on a sought-after location or families desiring an established home with growth prospects, this property represents a compelling blend of lifestyle convenience and future opportunity.

Local Market Insights

In Gymea, Quiet Listings observed 9 new houses entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $1,877,778. The property type mix of listed properties is predominantly Houses at 48%, followed by villas (19%), and duplexes (19%). The most active agency for houses in the Gymea area is currently McGrath Estate Agents, representing 33% of new listings, followed by McDonald Partners Real Estate with 22%. 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.