50 Advance Street, Schofields NSW 2762

Modern 3-bed house on 557m² lot | Dual living potential with 4 car spaces | No bushfire/flood overlays | Adjoining site has apartment zoning This property presents a competitively strong offering due to its modern construction on a full-sized lot within a rapidly densifying corridor. Its four car spaces and dual-living configuration are rare for newer stock, serving a family or investor seeking utility over amenity. The absence of overlays simplifies due diligence, while the established rental range confirms immediate income viability against newer local packages. It is best positioned for a buyer capitalizing on infill growth before neighboring developments complete. Your decision hinges on valuing current utility against future redevelopment optionality. The primary risk is capital erosion from newer stock, costing you relative value if held passively. The opportunity is to secure a strategic landholding with documented apartment potential next door, providing commercial logic for a medium-term hold. Acquire this as a transitional property; use its current yield to offset holding costs while the precinct matures. * **48 & 50 Advance St (combined)**: Sold January 2022. 1,115m² dual lot. This sale demonstrates the documented assembly potential for multi-storey development on this specific block. * **New Torrens Title packages on Advance St**: Land registration Q3 2026. These future listings will set new price benchmarks for land value in the immediate area. The 2022 dual-lot sale confirms the underlying land value and redevelopment logic for this street, while the upcoming new land releases will apply upward pressure on your lot’s base value.