26 Advance Street
Schofields, NSW 2762

Overview

26 Advance Street, Schofields, NSW, 2762

This property at 26 Advance Street, Schofields, represents a rare and exceptional investment or development opportunity in one of Sydney's fastest-growing areas. Sitting on approximately 928 square meters of land, this offering provides buyers with significant flexibility to either reside in the home, invest, or explore development options.

The property features three bedrooms, one bathroom, and parking for three vehicles, including a two-car garage. It is currently leased for $440 per week, providing immediate rental income potential.

Key highlights include:

• R3 Medium Density Residential Zoning, allowing for potential development subject to council approval.
• Floor Space Ratio (FSR) of 1.75:1, enabling substantial building potential.
• A height limit of 16 meters, offering scope for multi-level development.
• A frontage of approximately 15.24 meters, which extends to 30.48 meters when combined with the neighboring property at 28 Advance Street, also available for purchase.
• Convenient location approximately 800 meters from Schofields Station and local shops, enhancing lifestyle and transport options.

Buyers have the option to purchase one or both neighboring properties, providing an opportunity to lease out or develop into apartments, subject to council approval. This flexibility makes the property suitable for owner-occupiers, investors, or developers looking to capitalize on the area's growth.

Prospective purchasers are advised to conduct their own investigations and direct enquiries to the contract of sale, Blacktown City Council, and relevant consultants regarding building, construction, and dwelling approvals. The information provided is a guide only and should be independently verified.

Location