99 Lock StreetBlacktown NSW 2148
Property Details for 99 Lock St, Blacktown
Last Listing description (June 2026)
DA Approved Retirement Village
29-Unit Independent Living Development
Here's a rare chance to buy a ready-to-go retirement village development site in Western Sydney, one of the fastest-growing areas of Sydney.
The site is approved for 29 independent living units, perfect for seniors who want a secure, low-maintenance home while staying part of a local community.
Because the Development Approval is already in place, construction can start as soon as a Construction Certificate is issued.
TOTAL SITE
99 & 101 Lock St & 53 Pendant St = Over 3000m2
EACH LOT
99 Lock St = 910.5m2 (frontage 13.715m)
101 Lock St = 1492m2 (frontage 14.66m)
53 Pendant St = 613.4m2 (frontage 15.24m)
This opportunity is ideal for:
Retirement village operators looking to expand
Property developers experienced in medium-density or seniors housing
Community housing providers
Investors looking for exposure to the growing retirement living sector
Key Highlights
DA approval for a 29-unit retirement village. Can easily be modified to 31-unit.
Strong demand from downsizers and older residents in Western Sydney
Can operate under a 99-year lease or licence model
Attractive potential for upfront ingoing contributions
Close to hospitals, shops, public transport, and community facilities
Catchment population of 65+ years is growing rapidly
The property is ready for a boutique retirement village.
It's designed for seniors who want independent living, but with access to communal spaces and support services.
Approved features include:
29 units (mix of studios, one-bedrooms, and two-bedrooms)
Communal amenities and landscaped gardens
On-site resident parking
Accessibility-compliant design
This development ticks all the boxes for modern retirement living, meeting NSW planning and seniors housing requirements.
Location
The site is in Blacktown, right in the heart of a growth corridor in Western Sydney.
Residents will have easy access to:
Hospitals and medical centres
Shopping centres and retail precincts
Public transport and main roads
Parks, community spaces, and recreational facilities
It's a location that balances convenience with community, perfect for seniors who want to downsize without leaving the area they know.
Market Opportunity
Why this works for investors and operators:
Australia's 65+ population is growing rapidly, especially in Western Sydney
Many homeowners want to downsize from larger homes but stay local
There is a limited supply of new retirement villages, so demand outstrips supply
Independent living options are increasingly popular because they offer freedom and community
How Retirement Villages Work
Incoming Contributions: Residents pay an upfront amount to secure a lease or licence for their home.
Monthly Levies: Cover things like:
Village management
Maintenance and landscaping
Insurance
Utilities and shared services
Deferred Management Fee (DMF): When a resident leaves, the operator receives a fee based on length of stay-providing long-term income for operators.
Planning & Approvals
The site comes with a Development Approval already in place, meaning less risk for buyers.
Key frameworks include:
Retirement Villages Act 1999 (NSW) governs operations and contracts
Environmental Planning & Assessment Act 1979 (NSW) planning and development rules
Blacktown City Council consent
Buyers should still do their own due diligence, particularly around conditions of consent.
This is a DA-approved development site, ready for the next buyer to bring it to life.
Qualified buyers will have access to:
Development consent (DA)
Architectural drawings
Planning reports
Survey plans
Title search and ownership details
A data room may be set up for serious buyers.
Who Will Be Interested?
Retirement Village Operators: Expanding in Western Sydney
Developers: Experienced in seniors or medium-density housing
Community Housing Providers: Not-for-profit operators
Private Investors: Looking for retirement living exposure
Why This Opportunity is Valuable
Development approval already in place minimal planning risk
Strong demographic demand for retirement living
Boutique village scale manageable and desirable
Proven business model for retirement villages
Potential to stage construction to suit cash flow or market conditions
This site is a ready-to-go retirement village project in a high-growth area with strong fundamentals.
Disclaimer: We have been furnished with the above information, however, Laing + Simmons - Blacktown Property Agents gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate
Property History for 99 Lock St, Blacktown, NSW 2148
- 17 Mar 2026Listed for Sale Contact Agent
- 23 May 2024Listed for Rent $570 / week
- 31 Jan 2024Listed for Rent $522 / week
Recent sales nearby
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About Blacktown 2148
The size of Blacktown is approximately 15.9 square kilometres. There are 72 parks, covering nearly 6.8% of the total area. The population of Blacktown in 2016 was 47176 people. By 2021 the population was 50961 showing a population growth of 8.0% in the area during that time. The predominant age group in Blacktown is 30-39 years. Households in Blacktown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Blacktown work in a professional occupation.In 2021, 53.50% of the homes in Blacktown were owner-occupied compared with 56.10% in 2016.
Blacktown has 23,241 properties. Over the last 5 years, Houses in Blacktown have seen a 24.27% increase in median value, while Units have seen a 14.84% increase. As at 31 August 2026:
- The median value for Houses in Blacktown is $1,054,603 while the median value for Units is $587,199.
- Houses have a median rent of $650 while Units have a median rent of $580.
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