Property ID: 1P7221
29 Garrong Road Lakemba NSW
$ 1,305,000
- 7
- 4
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House
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Sold
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1037 sqm
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1
Rare Opportunity In Lakemba – 1,037 m² block R3 Zoning
ANOTHER GREAT SOLD BY SUNNY LEE FROM CASTLEHAVEN REALTORS!
Attention: astute family home buyers, savvy investors, developers, extended family home buyers, buyers looking for a property for a professional use !
This exceptional 1,037 m² Zone R3 Medium Density Residential property comprises two properties (27 Garrong Road and 29 Garrong Road), offering a superb opportunity for developers, professionals, savvy investors, and extended family home buyers! With the NSW Government's new housing rules poised to override existing council planning regulations, this combined property presents a rare opportunity rarely seen in this area.
*** Inspection by appointment welcome! ***
*** Inspection by appointment welcome! ***
Features:
• Total Land Area: 1,037 m²
• Frontage: 20.726 meters
• Depth: 50.292 meters
• Good Rental Income: Generates a steady income stream while holding for future development
• 27 Garrong Road: 3 bedroom, 2 bathroom on 505.9 m2 land – fully renovated solid brick home
• 29 Garrong Road: 4 bedroom, 2 bathroom on 531.1 m2 of land – solid brick home
• Both properties have huge level backyard with plenty of space for a granny flat (subject to council approval), ample parking and recreational space
• Ideal For: Developers, extended families, savvy investors, professional use
Location and Benefits:
• Convenience: Short walk to Hampden Park Public School, St Therese Catholic Primary School, Lakemba train station, and the upcoming Metro station (opening in 2025)
• Amenities: Close proximity to Woolworths, cafes, restaurants, popular clubs, and Parry Park, easy access to Canterbury Hospital, Belmore station, and Campsie Centre
Key Opportunities:
• Zoning Benefits: The R3 zoning aligns with the NSW Government's proposed new planning controls, allowing for the construction of low-rise terraces, townhouses, manor houses (two-storey apartment blocks), and six-storey mid-rise apartments in areas near railway stations and shopping centres.
• Government Support for Development: More information available at (https://www.cbcity.nsw.gov.au/development/low-to-mid-rise-housing-changes)
This is a rare chance to secure a prime piece of Lakemba real estate with exceptional potential for various uses. Don't miss out on this outstanding opportunity!
For more information or to arrange an inspection, please contact: Sunny Lee on 0424 273 283 or email [email protected] today!
Attention: astute family home buyers, savvy investors, developers, extended family home buyers, buyers looking for a property for a professional use !
This exceptional 1,037 m² Zone R3 Medium Density Residential property comprises two properties (27 Garrong Road and 29 Garrong Road), offering a superb opportunity for developers, professionals, savvy investors, and extended family home buyers! With the NSW Government's new housing rules poised to override existing council planning regulations, this combined property presents a rare opportunity rarely seen in this area.
*** Inspection by appointment welcome! ***
*** Inspection by appointment welcome! ***
Features:
• Total Land Area: 1,037 m²
• Frontage: 20.726 meters
• Depth: 50.292 meters
• Good Rental Income: Generates a steady income stream while holding for future development
• 27 Garrong Road: 3 bedroom, 2 bathroom on 505.9 m2 land – fully renovated solid brick home
• 29 Garrong Road: 4 bedroom, 2 bathroom on 531.1 m2 of land – solid brick home
• Both properties have huge level backyard with plenty of space for a granny flat (subject to council approval), ample parking and recreational space
• Ideal For: Developers, extended families, savvy investors, professional use
Location and Benefits:
• Convenience: Short walk to Hampden Park Public School, St Therese Catholic Primary School, Lakemba train station, and the upcoming Metro station (opening in 2025)
• Amenities: Close proximity to Woolworths, cafes, restaurants, popular clubs, and Parry Park, easy access to Canterbury Hospital, Belmore station, and Campsie Centre
Key Opportunities:
• Zoning Benefits: The R3 zoning aligns with the NSW Government's proposed new planning controls, allowing for the construction of low-rise terraces, townhouses, manor houses (two-storey apartment blocks), and six-storey mid-rise apartments in areas near railway stations and shopping centres.
• Government Support for Development: More information available at (https://www.cbcity.nsw.gov.au/development/low-to-mid-rise-housing-changes)
This is a rare chance to secure a prime piece of Lakemba real estate with exceptional potential for various uses. Don't miss out on this outstanding opportunity!
For more information or to arrange an inspection, please contact: Sunny Lee on 0424 273 283 or email [email protected] today!
Features
- Air Conditioning
- Built-ins
- Close to Schools
- Close to Shops
- Close to Transport