DA Approved For 59 studios, Existing 8 x 2 Bed Strata Block with Holding Income
Perfectly placed within metres to Campsie's vibrant hub and station/shopping precinct and just 14km from Sydney CBD, this property presents an exceptional opportunity for investors/ developers to acquire a DA Approved new generation boarding house with an existing block of 8 x 2 bedroom strata titled units, fully leased and providing strong holding income. Take advantage of Sydney's rising rental market and unprecedented demand for residential housing plus increased difficulty in obtaining new boarding house DA.
* DA Approved for 59 studios with own bathrooms and kitchens
* Architectural modern design, Land approx. 1013sqm ( 20.19m x 50.29m )
* Flexible R4 High Density zoning offers multiple development options
* Existing 8 x 2 bedroom strata block with current income $203,870
* Strong returns/cash flow once complete ( Est GAR $1,534,000 pa )
* Part of former Sydenham to Bankstown Urban Renewal corridor
* 400 metres to Campsie railway station and hub
* 600 metres to Campsie Shopping precinct
* 400 metres to Harcourt Public School
For further information including a copy of the plans, please contact the agent with interest.
Agent Interest: David Pisano - 0408 835 606
The size of Campsie is approximately 3.3 square kilometres. It has 16 parks covering nearly 3.3% of total area. The population of Campsie in 2016 was 24541 people. By 2021 the population was 26132 showing a population growth of 6.5% in the area during that time. The predominant age group in Campsie is 30-39 years. Households in Campsie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Campsie work in a professional occupation.In 2021, 43.50% of the homes in Campsie were owner-occupied compared with 43.30% in 2016.
Campsie has 12,712 properties. Over the last 5 years, Houses in Campsie have seen a 68.23% increase in median value, while Units have seen a 24.86% increase. As at 30 November 2025:
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