A unique dual-income or redevelopment opportunity. This property offers a versatile real estate proposition for investors, value-add renovators, and residential developers.
Occupying a substantial, rectangular 695.6m² land parcel with a 15.24m street frontage, the property features two existing, fully independent 3-bedroom residences. This rare configuration provides immediate dual-holding income while exploring redevelopment avenues.
The site presents two distinct investment strategies: an immediate Strata Title Subdivision (STCA) to renovate and sell the two existing dwellings individually, or a complete Dual Occupancy (Duplex) Redevelopment under traditional Council DA pathways taking full advantage of the site's generous 0.55:1 FSR limit.
Development
- Zoned R2 - Low Density Residential
- Frontage: 15.24m, Depth 45.72m
- Total Site Area: 695.6m²
Residence A:
- Three bedrooms, two with built-in robes
- Modern kitchen with breakfast bar & gas cooktop
- Hardwood floorboards throughout
- Gas & sandstone fireplace to living
- Updated main bathroom separate bath & shower
- Choice of lounge room and sunroom/family room
- Split system air conditioning
- Internal laundry with additional toilet
- Undercover paved alfresco entertaining
- Additional outdoor timber deck
- Off-street parking available in driveway
Residence B:
- Three bedrooms, all with built-in robes
- Modern kitchen with gas cooktop
- Hardwood floorboards throughout
- Updated main bathroom separate bath & shower
- Open plan living & dining space
- Split system air conditioning
- Internal laundry
- Timber deck overlooking level yard
- Garden storage shed
- Off-street parking available in driveway
Local Amenities:
- 160m to local IGA, cafe & specialty shops
- 1.4km to Sylvania Heights Public School
- 850m to Sylvania High School
- 1.9km to Our Lady Star of the Sea Catholic Primary School
- 2.3km to Miranda train station
- 1.7km to Southgate Shopping Centre
- 1.9km to Westfield Miranda
- 7.4km to Cronulla's beaches
Whether you choose to capitalise on the double rental return, execute a strategic strata conversion to sell individually, or clear the block for a duplex development (STCA), opportunities offering this level of flexibility are rare.
