Premium residential development opportunity on 1697sqm in prime location
Ralph First Real Estate are pleased to present an exceptionally rare opportunity to acquire a substantial raw development site in one of the area’s most tightly held pockets. Occupying a prime 1,697sqm parcel 2 Willeroo St, Lakemba represents one of the largest vacant blocks of land in the area and offers developers and builders a unique opportunity to capitalise on this rare offering.
The site provides a wide range of potential future uses (S.T.C.A), accommodating diverse development outcomes including apartments, terraces, townhouses, duplexes, a childcare centre or boarding house.
- Land area of 1,697sqm
- Prime raw development site in the heart of Lakemba
- Substantial 31.9 metre frontage
- R4 zoning, enabling a variety of potential development outcomes
- Floor space ratio 1.2:1 and height of building 17m
- Opportunity to design and deliver a bespoke development solution in one of Sydney's most up and coming residential markets
- Highly desirable location supported by strong demographic fundamentals
- Strong underlying land value underpinned by limited supply and ongoing market demand
- Suitable for developers, investors, or land bankers seeking long-term capital growth
Strategically positioned within walking distance to Lakemba train station and shopping precinct, 2 Willeroo St benefits from outstanding connectivity and amenity. The property enjoys convenient access to public transport, lifestyle amenities, retail precincts, cafes, and major arterial routes including the M5 connecting Lakemba with Greater Sydney. This prime location ensures strong end-user appeal across any approved development outcome.
Lakemba is one of Canterbury-Bankstown’s most up and coming destinations most characterised by enduring demand, constrained land availability, and strong buyer fundamentals. Opportunities to secure raw development sites of this scale are increasingly scarce, positioning 2 Willeroo St, Lakemba as a compelling and strategic acquisition.
Contact: Chris Wilding 0401 334 773 or chris@ralphfirst.com.au
DISCLAIMER: While Ralph First Real Estate have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Ralph First Real Estate urge prospective purchasers to make their own inquiries to verify the information contained herein.
Features
1 bedroom
1 bathroom
directions_car2 carspaces
2 open car spaces
crop_free1697 m² lot size
cottageHouse
Property history for 2 Willeroo St
2020
Rented
Undisclosed
Leased on 27 Feb 2020 by Ralph First Real Estate
2019
Sold
$2,000,000
Private Sale/Treaty on 30 Oct 2019 by Vincent Goh, of Stone Real Estate Beecroft
Happy sellers in Lakemba
88%
sentiment_very_satisfied
88% of sellers in Lakemba reported that their sale price either exceeded or met their price expectations.
Lakemba stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 55 reviews in Lakemba over the last 12 months.
Local market activity for 1 bedroom houses in Lakemba
Sold
For Sale
For Rent
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