2 Carnation Avenue Old Guildford NSW 2161

3-bedroom 1960s house | 885sqm clear block | medium flood overlay | duplex potential subject to council The property’s strongest buying case rests on its land-to-building ratio: an 885-square-metre clear block with only 16% building coverage on a quiet street in Old Guildford. For a buyer seeking future subdivision or a dual-occupancy project, this configuration is rare in the area. The existing 1960s structure is liveable with floorboards, air conditioning, and a separate rumpus room, meaning it can generate rental income while approvals are sought. The property best suits an investor or developer with patience for council processes, not an owner-occupier wanting move-in readiness. The medium flood risk overlay is the primary risk, potentially increasing insurance costs and limiting some renovation or subdivision options; a full council pre-application check is essential before committing. The building size discrepancy across sources (114–145m²) suggests possible unapproved additions, which would need retrospective approval or adjustment. The opportunity is to acquire a large block in a family-friendly corridor with NBN FTTP and 5G coverage, at a price that should reflect the overlay risk. Hold this property for medium-term capital growth through land value appreciation, with a duplex or granny flat development as the exit strategy.