6 & 6B Adelaide Road, Padstow NSW 2211

20m frontage over 650sqm | dual occupancy single title | no subdivision risk | flood overlay noted | rare infill configuration This property’s competitive edge is its dual-occupancy on a single title with a 19.5-metre frontage, a configuration rarely available in Padstow’s infill market. The two separate dwellings give a buyer immediate holding income while retaining the option to redevelop later, effectively reducing carry costs during planning. For a builder or investor, this site offers a staging strategy: lease both houses now, then pursue a townhouse or duplex subdivision when zoning or market conditions align. The combined land area and frontage are the key structural advantages here, not the existing dwellings themselves. The primary risk is the detected flood overlay on the 6B portion, which may increase civil design costs and delay approvals for any future subdivision or redevelopment. Buyers should factor in a geotechnical and flood-risk assessment before committing, and budget for potential drainage or fill requirements. The rental yield on the duplex side is modest at just over 2.3%, so the property should be held for land value growth rather than cash flow. A straightforward strategy is to hold both tenanted, reassess subdivision feasibility in three to five years, and only act when the uplift from a new build clearly exceeds the holding cost