36 Gibbes Street, Banksia NSW 2216

4-bedroom house with dual-occupancy potential | Bayside Council, no overlays | Auction May 23, 2026 | 269m² lot, pool, FTTP. The property’s primary competitive advantage is its DA-approved potential for two 4-bedroom residences, a rare configuration in Banksia that offers a buyer either immediate dual-income rental strategy or future subdivision upside. The 269m² lot, swimming pool, and modern 4-bedroom layout serve well for a family seeking a turnkey home with a clear development pathway, while the 75% owner-occupied street and 62% auction clearance rate indicate stable local demand. This property is best suited for a buyer with medium-term holding capacity who can leverage the approved plans to either sell one dwelling or generate two rental incomes. The key risk is the auction timeline,six inspections over 16 days may compress decision-making, potentially leading to overpayment if competition is high. The $905/week rental estimate, while high-confidence, is based on a single dwelling; the dual-residence DA could double that yield, but construction costs and council approval timelines must be factored. The 2024 sale price is undisclosed, so value growth since then is uncertain. Hold this property as a core family home with an option to execute the DA within 2–3 years for capital uplift.