122 Cecil Avenue, Castle Hill NSW 2154

Deceased estate | wide 696m² level block | 1km to metro | opposite park | development scope This property presents a rare combination of a large, flat block with immediate development potential in a tightly held location. Its prime positioning directly opposite parkland and within walking distance to the metro station and Castle Towers creates a high-utility offering. The house itself, while functional with ducted air conditioning and internal garage access, is secondary to the land value. This scenario best serves a developer or a long-term holder seeking to capitalise on the block’s exceptional width and easy build conditions. The primary risk is the deceased estate status, which may indicate deferred maintenance, potentially requiring significant capital outlay post-purchase. The opportunity lies in the unambiguous commercial logic of subdividing or rebuilding on a level parcel in a high-demand transport corridor. Acquire this as a land bank with a holding house; its value is in its future use, not its current configuration. Recent sales on Cecil Avenue show varied performance: – 134 Cecil Ave (4 bed, 2 bath) sold for $2.305m after 17 years (7.65% annual growth) – 125 Cecil Ave (3 bed, 1 bath) sold for $2.241m after 6 years (12.26% annual growth) – 11/44-46 Cecil Ave (3 bed, 2 bath) sold for $920k after 9 years (3.50% annual growth) This data confirms strong underlying land value, particularly for free-standing houses, with growth heavily influenced by holding period and property configuration. The subject property’s larger block and superior position command a premium over these comparables.