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222 William Street, Merrylands NSW 2160

$1,650,000

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$1.65M - $1.73M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 4 Cars 835 m²

Listed: yesterday

Overview

Situated on an elevated position along William Street, this expansive property offers a rare blend of residential comfort and development potential, holding significant appeal for investors, developers, and homebuyers seeking future growth opportunities. The generous 834.7sqm land holding, zoned R4 High Density Residential, provides a substantial canvas with an impressive street frontage of 18.29 metres, paving the way for multiple development possibilities subject to council approval.

The existing residence has been thoughtfully renovated to maintain livability and income generation, featuring three bedrooms complemented by built-in wardrobes, a modern kitchen, and timber flooring throughout. The property is supplemented by a lock-up garage and ample parking for up to four vehicles, enhancing convenience for residents and visitors alike.

Location is a standout attribute with the property positioned just a seven-minute walk from Merrylands Station, facilitating easy access to public transport links. Proximity to Woodville Road, local amenities, and the Parramatta CBD further enhances the lifestyle and connectivity benefits offered. Currently leased at $700 per week, this residence offers immediate rental return while presenting exciting possibilities for redevelopment.

This property embodies a compelling opportunity for those seeking a well-connected location with excellent investment returns and potential for future enhancement, whether through redevelopment or as a quality family home in a sought-after suburb.

Local Market Insights

In Merrylands, Quiet Listings observed 18 new houses entering the market over the last 30 days, down from 23 during the previous 30-day period, with an average advertised asking price of $1,714,944. The property type mix of listed properties is predominantly Houses at 45%, followed by apartments (26%), and units (17%). The most active agency for houses in the Merrylands area is currently LJ Hooker, representing 39% of new listings, followed by Ray White with 33%. 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.