38 Pendant Avenue, Blacktown NSW 2148

Multi-unit lot | 3 income streams | 556sqm parcel | Blacktown growth corridor This property offers a rare configuration in a suburban market: three separate dwellings on a single lot, generating diversified rental income from a 3-bedroom house, a 2-bedroom granny flat, and a 1-bedroom retreat. For a buyer seeking yield over land banking, this structure provides immediate cash flow above typical single-dwelling investments in the area, with no overlay restrictions limiting future use. It best suits an investor prioritising rental return per square metre, or a large family wanting independent living spaces on one site. The primary risk is the low rental yield of 2.4% against a suburb average of 3.3%, meaning the asking price exceeds what income alone justifies. This gap must be closed either through below-market purchase or future rental growth. The 33% building coverage leaves modest scope for expansion, and the July 2024 sale at $965,000 suggests recent price acceleration may not be sustainable. Commercially, the property works best held for medium-term capital growth in Blacktown’s high-demand corridor, with the income stream offsetting holding costs. Buyers should negotiate firmly toward the lower end of the range to secure a viable entry point.