20-APARTMENT DEVELOPMENT SITE | TOONGABBIE

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27-29 Toongabbie Road, Toongabbie NSW 2146

UNDER INSTRUCTIONS FROM THE MORTGAGEE - AUCTION

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$2.75M - $3.03M Low Confidence Calculated based on limited search observations.

House 1 Bed 1 Bath 1 Car 1395 m²

Listed: 2 days ago

Overview

This property represents a significant opportunity for developers, investors, and builders seeking an established location in the heart of Toongabbie. Positioned on approximately 1,395sqm of land with convenient access to local shopping, public transport, schools, and essential amenities, it offers excellent connectivity including proximity to Parramatta CBD and the M4 Motorway.

The site benefits from an approved Development Application for a 20-apartment residential complex featuring a variety of apartment layouts. A Construction Certificate has been issued, and construction is underway with substantial groundwork completed, underscoring the property's readiness for immediate development.

Construction Certificate (CC) is issued ensuring regulatory compliance.
Construction has commenced with groundwork largely completed.
Landholding of approximately 1,395sqm suitable for high-density residential use.
R4 High Density Residential zoning provides flexibility and strong development potential.
Convenient lane access to optimize site utilization.

The development plans include a diverse mix of apartment types catering to different living preferences and market segments, encompassing one, two, and three-bedroom apartments including options with studies. This makes the site adaptable, appealing for a broad spectrum of future residents or investors looking for a ready-to-build project.

Overall, this site is ideal for those looking to capitalize on a rare development opportunity in a sought-after Western Sydney location with construction momentum already established, reducing typical delays associated with approvals and initial works.

Local Market Insights

In Toongabbie, Quiet Listings observed 9 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 $1,505,556. The property type mix of listed properties is predominantly Houses at 60%, followed by apartments (20%), and units (7%). The most active agency for houses in the Toongabbie area is currently Ray White, representing 22% of new listings, followed by McGrath Estate Agents 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.