PRIME DEVELOPMENT OPPORTUNITY - 910 SQM CORNER BLOCKIN GLENFIELD (STCA)

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31 Chesham Parade, Glenfield NSW 2167

$1,880,000

Search Band Search Visibility Band

$1.88M - $1.97M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 931 m²

Listed: 5 days ago

Updated: 2 days ago

Overview

This property offers an exceptional development prospect on a substantial 931 square meter corner block within Glenfield’s growing community. Zoned R3 Medium Density Residential, the sizable allotment provides flexibility for a range of future projects, subject to necessary council approvals.

The strategic location places the site approximately 765 meters from Glenfield Railway Station, ensuring excellent connectivity for residents or visitors. Nearby schools, parks, and shops enhance the appeal, making the location practical for multiple uses.

The property is further supported by preliminary architectural designs and environmental considerations, underlining its readiness for development exploration. Proposals include a potential childcare facility, catering to a growing demand in the area.

With 3 bedrooms, 1 bathroom, and parking for 2 vehicles, the existing home offers immediate utility while also serving as a foothold for investors or developers.

Generous 910 square meter corner block
Medium density residential zoning effective for future growth
Proposed strata title subdivision facilitating flexible ownership
Conceptual plans available to guide development potential
Proximity to key community amenities and transportation

This property is ideal for those looking to invest in a well-positioned Sydney suburb with an eye towards medium-density redevelopment opportunities or childcare service provision. An available blend of location, zoning, and preliminary planning creates a foundation for various investment or developmental ventures.

Local Market Insights

In Glenfield, Quiet Listings observed 6 new houses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $1,246,500. The property type mix of listed properties is predominantly Houses at 60%, followed by townhouses (20%), and villas (10%). The most active agency for houses in the Glenfield area is currently Ray White, representing 67% of new listings, followed by Aurora Property with 17%. 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.