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Overview
This property offers an excellent opportunity for investors and developers seeking a rare landbank in a rapidly growing area. Located on a substantial 822 square meter parcel of land, it is zoned R4 High Density Residential, providing significant potential for future development, subject to council approval.
The existing home is neat and tidy, featuring two bedrooms, a combined lounge and dining area, one bathroom, and an internal laundry. It is currently leased to a reliable tenant who has occupied the property for over four years, paying $400 per week, making it an attractive investment option.
Key development and investment highlights include:
- Zoned R4 - High Density Residential, allowing for multi-unit development possibilities.
- Permits construction up to 33 meters in height.
- Floor Space Ratio (FSR) of 2.56:1, enabling substantial building area relative to the land size.
- Exceptional potential for multi-unit development, ideal for astute investors and developers.
- Prime location just 175 meters from Glenfield Train Station, offering unbeatable access and future growth prospects.
This property represents an excellent land banking opportunity. Buyers can secure a prime piece of Glenfield real estate now and benefit from the area's anticipated growth and development potential in the future. Properties with such upside potential in this location are rare, making this an opportunity not to be missed.
Local Market Insights
In Glenfield, Quiet Listings observed 8 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 $1,262,375. The property type mix of listed properties is predominantly Houses at 73%, followed by villas (27%). The most active agency for houses in the Glenfield area is currently Ray White, representing 50% of new listings, followed by Harcourts with 13%. 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.
Change History
| Headline | When |
|---|---|
| $1,300,000 - $1,400,000 | |
| Submit Your Offer |
Location
Glenfield NSW 2167
Market Insights for Glenfield NSW 2167
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