Positioned on the high side of one of Yagoona's most tightly held and sought after streets, this exceptional opportunity offers a freestanding home at the front and a modern granny flat at the rear on a generous 588.1sqm parcel with a 13.4 metre frontage.
With strong rental income, development upside, and a blue chip location, this is a property that appeals to investors, families, and developers alike.
Land and Investment Highlights:
• 588.1sqm block
• 13.4 metre frontage
• Elevated high side position
• Separate electricity and water meters for both dwellings
• Granny flat with its own gas meter
• Combined rental return of $1,140 per week
Tenancy Details:
• Front house leased at $620 per week on a newly signed 12 month lease
• Granny flat leased at $520 per week on a month to month agreement
This configuration provides immediate income while retaining flexibility and future planning options.
Main Residence:
• Two bedrooms with built-in wardrobes
• Third bedroom or ideal home office with built in wardrobe
• Open living and dining area
• Neat and tidy original bathroom with bathtub and separate shower
• Kitchen with dishwasher and adjoining dining space
• Separate laundry with a single WC
• Ducted air conditioning
• Private courtyard
• Driveway access
Granny Flat
• Two bedrooms with built in wardrobes
• Modern bathroom
• Open plan living and dining
• Contemporary kitchen with stone benchtops, gas cooking and quality appliances
• Split system air conditioning
• Built-in laundry cupboard with additional storage
• Private courtyard and backyard
• Front patio area
DA Approved Development Opportunity
The property comes with DA approved plans for a brand new two storey, four bedroom modern home complete with swimming pool and alfresco entertaining area. There is also a revised DA approved design option that removes the swimming pool and instead provides a larger alfresco area and backyard, while retaining the existing granny flat at the rear. This allows redevelopment of the main dwelling while preserving the secondary dwelling and its income potential.
Centrally located close to Yagoona Station and local shops, Condell Park amenities, and within easy reach of Bankstown's growing CBD, this address combines convenience with strong long term capital growth potential.
Priced to sell, opportunities like this in one of Yagoona's blue chip streets do not last long.
For further information & DA documentation, contact Joshua Nassif today.
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