54 Cardigan Road, Greenacre NSW 2190

3 bed house | 481sqm block | CDC-ready for renovation or rebuild | Greenacre pocket near schools and transport This property offers a rare combination of a functional existing floorplan and approved CDC pathways for a significant value uplift. The 101sqm building footprint on a 481sqm lot gives a buyer optionality—live in the current three-bedroom configuration while planning a renovation or a new luxury family home. Its energy score above the state average and NBN Fibre to the Curb add modest but real appeal for owner-occupiers. The property suits a buyer with medium-term horizon who can manage a renovation or rebuild timeline, and who values being in a residential zone without overlay constraints. The main risk is the discrepancy between the current three-bedroom listing and the prior two-bedroom sale, which may indicate an unapproved layout or cosmetic upgrade that won’t pass lender valuation without confirmation. The auction format adds execution risk if comparable sales haven’t caught up to the $1.42m-$1.445m estimate. On the opportunity side, the CDC approval pathway reduces council risk and timeline uncertainty, making this a stronger hold for a buyer who can fund the upgrade and capture the post-renovation equity. Hold and improve, or develop and sell into the suburb’s 10.5% growth trend.