23 Third Avenue, Epping NSW 2121
23 Third Avenue, Epping NSW 2121
Detached house on 797 sqm block | 20 m frontage | CDC-approved duplex site | School catchment advantage | Family and development potential
This property is considered competitively strong due to its large 797-square-metre lot and rare 20-metre frontage within Epping. The existing four-bedroom house is well-maintained and includes multiple living areas, making it suitable for immediate family occupation. However, the most notable feature is the CDC-approved duplex approval, which provides significant redevelopment optionality. The property sits within desirable school catchments, including Carlingford High School and Cheltenham Girls High School, which are known to drive strong family demand. Consequently, this house is best suited to buyers seeking a combination of spacious family living and future development potential, or those specifically targeting a dual-occupancy site in a sought-after suburb.
The value of this property may be materially influenced by the existing duplex approval, which could command a premium over standard family homes in the area. The current house condition and low rental yield relative to land value might also affect buyer sentiment, particularly for investors. Additionally, the school catchment advantage is a strong driver, but market conditions for large, development-oriented lots should be weighed. The property’s price is likely to reflect its redevelopment potential more than the existing dwelling’s features.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Third Avenue, Epping NSW 2121
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Epping is positioned as a major urban renewal hub, with significant densification planned near its transport node, driving long-term transformation. Demand is underpinned by this substantial public investment in new housing and infrastructure, attracting buyers focused on future potential. Recent price trends show solid house growth, though the unit market is more subdued, with houses transacting at a steady pace. Future growth is directly linked to the execution of the renewal plan, while the key constraint remains the market’s absorption of the substantial new supply being introduced.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
797m²
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