By Negotiation
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1 Garden Street, Belmore NSW 2192

House
626
Block size: 860 m² approx.

860m2 Duplex Opportunity & Current Investment Earning $66k p.a DA Lodged!

Looking for a high-performing investment with a development opportunity? This is an exceptional chance to acquire a duplex development site with all the hard work done!

A DA has currently been lodged with Canterbury-Bankstown Council for a two-storey duplex including a garage, swimming pool and pool house. Currently tenanted returning $66,300 per annum, you'll earn substantial income while waiting for approval to build.

Located centrally between Belmore, Roselands and Clemton Park villages, there is ample choice for local schools, restaurants, transport connections and supermarkets and ensuring lifestyle convenience for years to come.

Current Site
- Land size of 860sqm and 15.24m frontage
- Double brick home and granny flat on the site, tenanted separately
- Main home is partially renovated with 4 bedrooms and gas kitchen
- Granny flat is near new and council-approved with 2 bedrooms and separate entry
- Triple car garage, two carports and ample off-street parking
- Massive rear yard with deep land area
- Quiet, wide and family friendly street

Development Opportunity Lodged!
A Development Application has currently been lodged with Canterbury-Bankstown Council for a luxury two storey duplex each with substantial site area at 430m2 and 431m2 respectively. Save yourself the hard work and cost of the planning stage and get ready to execute and bring these dream duplexes to life with your expert building skill (on approval) or re-submit your own plans.

Current Rental Income
- Existing home = $41,340 p.a ($795/week)
- Granny Flat = $24,960 p.a ($480/week)
- Total rental income = $66,300 p.a

For Sale: By Negotiation
Land Size: 15.24m X 56.64m/56.36m = 860m2 approx
Inspection: As Advertised or By Appt
Details: Michael Sabongi 0448 419 008 & Jenny Nassour 9758 2744

All precaution has been taken to determine the accuracy of the above information however, all interested parties are to rely on their own inquiries and professional advice.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Michael Sabongi to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
6
Bathrooms:
2
Garage Spaces:
6
Property type:
House
Block Size:
860 *

Other Details

Lot:
1
Plan Type:
DP
Plan:
211240
Legal description:
1/211240
Professionals Belmore

Maps and area information

Block information
Block size: 860 (approx)
Legal description: 1/211240
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Sorry, overlays are not available for this address
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Nearby sales

Looking to compare sales prices?

We found 8 houses with 6 bedrooms that just sold near 1 Garden Street Belmore

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
26 Apr 2022
Sold
Professionals Belmore
Listed: 02/11/2021
Block size: 860m²
Transfer type: Full transfer
14 Feb 2020
Sold
$0
Contract: 14/02/2020
Transfer: 14/02/2020
Block size: 860m²
Transfer type: Full transfer
05 Feb 2019
Sold
$600,000
Contract: 08/11/2018
Transfer: 05/02/2019
Block size: 860m²
Transfer type: Full transfer
Purpose: Residence

Belmore suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
40 years
Population
13,781
Listing ID: 182235782. This listing has been viewed 17 times. It was first displayed on 22/01/2024 and last updated on 24/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.