23 Park Street, Campsie NSW 2194

Stale deceased estate | 7+ units on a small 7147sqft block | no land upside per unit | long-term owners dominating the street could stifle future development potential The six-unit configuration on a relatively compact site presents a yield-first proposition rather than capital growth play, as the underlying land value per apartment is modest compared to detached alternatives around Campsie. A buyer taking this on must accept that any major value uplift will come from operational efficiency or rental improvement over the next cycle, not rezoning or subdivision. If held as a steady income stream, the property works; for someone chasing appreciation, it needs a clear renovation pathway. What is competitively unusual here is the full six-vehicle parking allocation paired with two-bedroom units, which strengthens appeal to families or professionals who need cars. For a buyer seeking a balanced multifamily entry, this gives better occupancy resilience than newer strata schemes with tighter parking. Those willing to manage a deceased estate purchase, with careful due diligence on building condition and lease terms, can secure a rare block of six that holds its own against newer stock in a steady suburb. Your next step is to verify the actual rent roll and vacancy history before any offer, as the value difference between a full lease-up and one needing turnover could swing your return by two percent.