So we've had the budget, and you might be wondering what the best thing to do is; well, here is a great opportunity for those with a bit of vision. At present the property consists of two dwellings - the original house (17a), which is a 3 bedroom, 1 bathroom home as well the former shop (which was apparently a printer/painter) that has been converted into a 1 bedroom studio. The block has an approved DA (Development Application) to split it into 2 separate blocks, with the ability to build a new dwelling on the back block. The existing shed would be demolished, and an access easement would run up the right-hand side to provide access. In the meantime, you can collect $800 a week rent from the existing properties.
General Information
• 1060m2 Block
• Proposed Lot 10 - 483m2 (approx 24m deep x 20m wide) - Newly formed vacant block
• Proposed Lot 11 - 578m2 - original properties
• Easement to both lots
• Zoning - Character Housing Mixed Density
• Rates - approx $850 pq
• Water - approx $435 pq
• DA granted in July 2025
The main house is a character filled cottage is situated by Redbank Primary School. Featuring original timber floors in the open-plan lounge/dining while offering year-round comfort with reverse-cycle air conditioning. Entertaining will be a dream on those summer afternoons with an updated kitchen featuring ample storage opens directly onto the rear balcony.
The studio features a small kitchenette in the lounge/kitchen space, separate bathroom/laundry space and bedroom with a wardrobe provided for storage. The studio has it's own private entrance with a separate main house on the same block with its own access.
17a Tenancy Details (3 Bed House)
• 5/6/26 to 17/1/27
• Rent $490 per week
• Bond $1960
• Date of Last Increase 30/5/25
• Option to renew - No (at this point in time)
17b Tenancy Details (Studio)
• 9/2/26 to 9/8/26
• Rent $310 per week
• Bond $1160
• Date of Last Increase 29/9/2024
• Option to renew - No (at this point in time)
The property is conveniently located to the major freeway, Redbank Primary School, walking distance to the train station (Redbank), bus service and Redbank Plaza.
Quality opportunities are still being snapped up, especially when they have so many great features to offer. For further information, please give John Schlamm a call on 0421 230 977.
