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Sold For $1,550,000 Sep 13, 2021

Riverstone

property Detail

  • Property ID: 61841230
  • Bedrooms: 4
  • Bathrooms: 2
  • Property type: HOUSE
  • Land size: 1113 Metres²
  • Building size:
  • Garage: 2
  • Listing type: SOLD

Riverstone Corner Development Hotspot

This sprawling 1113 m² block of land is nestled on a fantastic corner site in the midst of Riverstone's housing boom, oozing outstanding financial gain. Offering a multitude of possibilities all deserving investigation, not least is the already approved DA 2 lots.

- Lot 1 has a DA with dual occupancy for a substantial four bedroom double story family home plus a separate granny flat.
- Lot 2 also has a DA with dual occupancy for a double story duplex both with four bedrooms and double garages. There is also the opportunity to further subdivide the duplex once construction has been completed subject to council approval.

Riverstone is an under estimated suburb in the midst of a massive growth spurt due to the current development of housing and future infrastructure.

Close to Norwest Christian College and other fantastic local schools, Rouse Hill Town Centre just a short drive, as well as the Riverstone Swimming Centre and other great sporting facilities and Riverstone and Vineyard train stations.

The existing house consists of 4 bedrooms and 2 car garage on a huge corner block with tenants happy to stay.

The recent local housing boom provides fantastic potential for Childcare or NDIS subject to Council Approval.

To the savy investor, the opportunities are quite attractive:

Existing home to invest in or occupy:
- 4 bedroom, 2 bath home on 513m2
- Ripe for renovation, solid bones and uplift potential
- Rental income $25k per annum

Or develop:
600m2 corner vacant land for duplex or house project STCA. Flexible terms available subject to approval.

Or develop, invest or occupy:
-The entire 1,113m2 corner lot STCA
-Retain the house and renovate
-Build another house or duplex at the front with rear granny flat
-Convert the existing dwelling for medical or veterinary clinic, or capitalise on the huge demand for local childcare

Endless options! The vendor is willing to extend flexible terms to the right buyer.

Call Treena for more information on m:0400 689 468.