15-19 King Street, Guildford West NSW 2161

Large 2,000+ sqm redevelopment site|DA for 3-lot subdivision|dual occupancy potential|basic 2-bed cottage|near public schools House is positioned as a large redevelopment property within a mixed residential infill suburb. Its land area is considered substantially greater than typical detached lots, and rare flexibility is offered for subdivision and dual occupancy development, as reflected in the planning application for three lots. The existing two-bedroom cottage is described as basic, and is likely to be treated as minor compared to the land’s potential. This property is best suited to a developer or investor focused on intensification, while substantial renovation or rebuilding would be required by an owner-occupier. Value may be affected by planning outcome, as subdivision approval might be expected to enhance development capacity. Existing house may be seen as secondary, but it is unlikely to be the main price driver. Competitive bidding might be attracted by large property, though investor interest may be limited by low rental income. Uncertainty may be added by unconfirmed building details. >> Comparable Sales: 590 Guildford Road sold for $1,227,000; 32 King Street sold for $680,000 | Property Price Band: $3.3M–$3.4M | Value Drivers: land size, subdivision potential, proximity to schools