Ideal floorplan to renovate into your dream home - Lakemba's finest location

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114 Taylor Street, Lakemba NSW 2195

Auction

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$1.3M - $1.43M Low Confidence Calculated based on limited search observations.

House 5 Beds 2 Baths 1 Car 448 m²

Listed: yesterday

Overview

This spacious double-story residence occupies a well-sized 448sqm parcel within Lakemba's most sought-after area, presenting a unique opportunity for families or investors to create a personalised dream home or profitable asset.

With a generous 11m frontage and zoning under R3 residential, the property offers potential for a granny flat development, subject to council approval, providing additional versatility and value.
The well-proportioned layout spans two levels, ideal for renovation, encompassing five bedrooms inside with an additional sixth bedroom or retreat space externally, supporting various family configurations.
Both formal and informal living spaces are available, alongside a designated dining area, accommodating flexible entertaining and day-to-day living needs.
The substantially sized kitchen and laundry area are primed for enhancement, including potential for an outdoor kitchen, enriching lifestyle options.
An inviting driveway extends to a spacious backyard with scope to build a custom garage, enhancing parking and storage facilities.
A large first-floor courtyard-style balcony and an undercover alfresco area expand the living space outdoors, providing relaxing or entertaining environments.
Positioned just moments from Lakemba and Belmore metro stations and shopping strips, this home blends convenience with residential comfort.

Overall, this property is perfectly suited for buyers seeking a renovation project with significant space and scope in a prime location, blending lifestyle opportunities with future growth potential.

Local Market Insights

In Lakemba, Quiet Listings observed 5 new houses entering the market over the last 30 days, down from 6 during the previous 30-day period, with an average advertised asking price of $1,480,000. The property type mix of listed properties is predominantly Houses at 50%, followed by units (42%), and apartments (8%). The most active agency for houses in the Lakemba area is currently Ray White, representing 20% of new listings, followed by LJ Hooker with 20%. 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.