38 Monterey St

South Wentworthville NSW 2145

698 m²

House

Currently for sale - view listing

Overview

Prime 697m² Development Site | Dual Income with Duplex Potential (STCA)

Frank and the team at Ray White LMG proudly present to the market an opportunity to unlock the full potential of this expansive 697m² block in a high-growth pocket of South Wentworthville. Offering a rare combination of immediate rental returns and a clear pathway for future development, 38 Monterey Street is the ultimate acquisition for savvy investors and residential developers. Vendor has instructed us to accept offers prior to auction. The Development & Investment Opportunity: - Optimal site dimensions: a substantial 15.24m frontage and approximately 46m depth, meeting the core criteria for duplex development under Cumberland City Council controls - Duplex potential (STCA): the land size and width provide an ideal canvas for a modern side-by-side or detached dual occupancy project, following local precedents close by - Land dimensions - 15.24m x 45.72m = 697sqm (approx.) - Both properties currently leased at $1,120 p/w Main residence features: - Spacious living: a well-maintained and renovated house featuring 3 generous bedrooms and a central bathroom - Functional layout: the home offers a classic floor plan - Secure parking: includes a lock-up garage with additional off-street parking for convenience - Currently leased at $600 p/w Granny Flat: - A modern addition: recent development includes the addition of a granny flat on-site, providing a self-contained living space perfect for extended family or as a high-yield rental asset - Independent living: designed to offer privacy from the main home while sharing the substantial backyard space - Currently leased at $520 p/w Location & lifestyle highlights: - Educational excellence: located within the sought-after catchments for Hilltop Road Public School (approx. 0.68km) and Greystanes High School - Ultimate convenience: enjoy easy access to local amenities including the Seven Stars Early Learning Centre (0.09km) and nearby shopping plazas Unbeatable transport & connectivity: - Rapid road access: instant entry to the M4 and Great Western Highway for fast commutes to Parramatta, Sydney CBD, and Western Sydney hubs - Easy rail access: close to Wentworthville Station (T1 Western & T5 Cumberland lines) - Bus at your door: steps from key stops with direct routes to Pemulwuy, Merrylands, Parramatta, and Westmead (Routes 809 & 824) Don't miss this outstanding opportunity to secure a quality residences in a prime location with an opportunity to develop! Inspect: As Advertised Or By Appointment Contact: Frank La Malfa | Available 7 days We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigation. Images may contain virtual features.