18 Terrace Road , Killara NSW 2071

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Property Details

Auction

ID: 411648
Council Rates: $465.00
Land Area: 1650 m²

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Land Of Opportunity Across 2 Titles

Inspection Times:
Wed 18/10/2017 02:00 PM to 02:40 PM
Sat 21/10/2017 02:00 PM to 02:40 PM
This property is possibly the best opportunity you will find to land bank value in the ever-growing Sydney market. Enviably positioned on a huge 1650 sqm parcel of land backing directly onto Lane Cove National Park, this property is set across TWO titles. This property being sold as one parcel.

Other houses sold in the last 3 months this side of Lady Game Drive include

270m distant at 36 Charles St Killara on 697m2 sold on the 8 June for $3.590M which is $5,150/m2

800m distant at 27 Johnson St Lindfield on 653m2 sold on the 20th August for $1.925M which is $2,947/m2

1.3 km distant at 67 Bradfield Rd Lindfield on 875m2 sold on the 3rd August for $2.530M which is $2,891/m2

400m distant at 31A Blaxland Rd Killara on 1213m2 sold on the 19th August for $2.6M which is $2,143/m2

550m distant at 21 Blaxland Rd Killara on 1252m2 sold on the 13th August for $2.62M which is $2,092/m2

Other houses for sale currently right now such as on Bradfield Rd would represent a rate of $3,623/m2.

* As it is a deceased estate, the sellers wish to move on for a realistic return and seek a moderate rate per metre square in order to expedite a sale now, leaving the extra value for the astute buyer to realise and maximise its potential as evidenced by what can be achieved by the immediate recent local sales;

* It contains two clear land titles on two separate lots with an existing liveable expansive residence on the front lot to live in or rent out;

* Building rights on each lot are confirmed by the Section 149 Certificates;

* A right of way easement is registered with LPI for access to the rear lot and can be removed if the buyer so wished

* Land banking this building entitlement, or living in this property or renting it out as an investment while completing a development approval with KMC and selling later are options for you to unlock potential further value

* A DA, (STCA), could develop a design that accommodates a separate right of way on the front Lot 146 which does not pass through the house and would require its demolition, and design a new house on the remaining land width of approximately 11m (refer to the floorplans for such an indicative concept);

* That DA could also develop a design for the rear Lot A similar to 36 Charles St Killara which is also a 15m wide lot, that underpins the very high value achieved in this area of Killara with the right design and attention to detail.

* Initial advice from Sydney Bushfire Consultants supports development of the rear Lot A and is available for review upon request.


This attractive, double brick, light - filled family home offers a versatile floor plan with multiple living spaces, suitable for in-law accommodation and/or a home office. Brought to the market for the 1st time in 50 years, this spacious home boasts stunning views in a peaceful setting, with room for a tennis court and pool (STCA). Set across 2 titles, each with its own outstanding features, as the rear title comes with right-of-way provision and the potential to build an additional new home (STCA). Situated in an idyllic, family-friendly location, it offers an easy stroll to school, shops, parks, churches and transport, with regular buses to Lindfield train station, Macquarie Shopping Centre and Chatswood.


Front Lot 146 ; 765sqm -

* This includes the large, family home featuring high-ceilings, sun-drenched front patio and formal lounge & dining room with open wood-burning fireplace

* Light-filled casual living sun room with floor-to-ceiling wraparound windows & stunning National park views

* Beautiful Tasmanian Oak timber kitchen

* Spacious family room opens through glass bi-folding doors to a large level lawn and outdoor brick BBQ

* Master bedroom with built-in-robes flows to an expansive terrace with far-reaching treetop outlook

* 5 Additional bedrooms with brick internal walls which minimize noise, 3 with large built in wardrobes;

*Versatile floor plan with multiple living spaces, suitable for in laws or extended family, and/or study/home office

* Family bathrooms on both levels

* Laundry with further bathroom facilities & external access;

* Single lock-up garage with convenient internal access; generous under house storage space

*Multiple split system air conditioning units

* Ideally situated in popular family-friendly setting - walk to Beaumont Road Public School, local shops, playgrounds, national park, churches & buses. Killara High catchment, Holy Family Catholic school close by.


Rear Lot A ; 884 sqm -

* This is a near level lawn in a tranquil natural setting with right-of-way provision from the front & potential for new 2-storey dwelling (STCA)


Proudly marketed by Jason Roach and Jeff Jia
Century 21 Northside Lindfield


DISCLAIMER: CENTURY 21 Northside does not guarantee the accuracy or completeness of any information contained in this brochure. We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.