A rare opportunity to secure a development-ready duplex site in one of Padstow's most sought-after locations. Positioned on the high side of a quiet street, this exceptional approx. 626sqm parcel with a 15.24m frontage comes complete with CDC approved plans for a luxury duplex, with approvals and all council contributions paid. With no further costs required, construction can commence immediately, saving valuable time and upfront expenses.
The existing home is well maintained and offers immediate comfort with generous living and dining areas, a spacious rear sunroom and a well-appointed kitchen with an island bench, stainless steel appliances and ample storage. Investors can take advantage of estimated rental returns of approximately $850–$1,000 per week, while the CDC approval remains valid until approximately 2030, providing flexibility to commence construction when it best suits your timeline.
Whether you're looking to break ground immediately, landbank with a secure rental income, or renovate the existing home, this is a turnkey development opportunity with outstanding upside. Conveniently located within a 15-minute walk to Padstow Station, shops, schools, parks and cafés, this is a rare opportunity to secure a development-ready site with immediate income, outstanding flexibility and strong future resale potential.
- Set on approx. 626sqm parcel with 15.24m frontage, on the high side of the street,
- CDC approved plans for a luxury, 5-bed 4-bath duplex, plan lapses in approx. 2030
- Section 73, Section 7.11 & council contributions paid – commence immediately
- Excellent future resale value in a high-demand location and quiet street
- Existing family home with spacious lounge, dining area and large rear sunroom
- Potential to renovate, extend, lease or knock down and rebuild (STCA)
- Ideal investment w/ estimated rental returns of approx. $850–$1,000 per week
- Approx. 15-minute walk to Padstow Station, shops, schools, parks and cafes
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries
