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Renovate, Rebuild or Develop Potential, Zoned R2! 930 sq m's (approx)

160 Richmond Road, Cambridge Park
$650,000 Sold!
House
  • 3 Bedrooms
  • 1 Bathrooms
  • 4 Car spaces
  • 930 sq metres

Description

If you are searching for that ideal piece of land to live on or build on, then worry no more, as this property is offering endless potential.
Zoned R2, sitting on an excellent 930 square meters (approx.) of fairly flat block with over 15 meters frontage, the potential lies in building a granny flat/Duplex/secondary dwelling (STCA) and reaping benefits with great rental returns. The position of the home is premium, being ideally located close to UWS, Nepean College, local schools, Penrith/Kingswood train station, Nepean Hospital, Penrith Westfield and easy access to M4 motorway.
The home itself is in need of some modernization which is perfect for a renovation project and since the property also comprises three great sized bedrooms, kitchen with lots of storage and cupboard space, formal living room, spacious bathroom, large family area, internal laundry, gated side access, double garage and a carport, the home would also make for a great starter home or investment property.
The property was previously rented for $430 per week and an expected combined rental potential is $800-$850 per week if you choose to build a detached second dwelling at the back subject to council approval. Don’t miss the opportunity to view the property at the open house as it will not last long.

Features

Air Conditioning
Secure Parking
Floorboards