106 Caroline St, Kingsgrove is a 1 bedroom, 1 bathroom House. The property has a land size of 655m2.This Property is currently listed for sale with Raine & Horne Bardwell Park
Positioned in one of Kingsgrove's most sought-after pockets, this exceptional 654.9sqm parcel of dead level land presents an outstanding opportunity for first home buyers, savvy investors, and builders alike.
Featuring an existing one-bedroom granny flat, the property offers immediate rental potential or scope to renovate.
Perfectly located just 500 metres from Kingsgrove shops, cafes, and train station, convenience is at your doorstep. Families will appreciate being directly opposite St Ursula's College, child care centre and Our Lady of Fatima School, making this an ideal long-term investment.
Enjoy the rare combination of peace, privacy, and proximity to all amenities in a thriving community.
Why This Granny Flat is a Significant Advantage
When developing a vacant lot, existing structures are typically demolished for one of two reasons:
They do not comply with council or CDC regulations, or
Their position on the land restricts development, reducing the lot's full potential
This property avoids both issues entirely:
The granny flat is fully compliant with all council and CDC regulations
Its position on the lot does not obstruct or restrict the construction of a new dwelling in any way
The full development potential of the land remains completely intact
Represents an immediate saving of $150,000-$200,000 (STCA)- the current cost of building an equivalent granny flat from scratch
Key Features:
Generous 654.9sqm land parcel
Existing one-bedroom granny flat with potential to renovate
Ideal for new home construction (STCA)
Prime location just 500m to shops, cafes, and transport
Opposite quality schools
Excellent entry-level opportunity into the Kingsgrove market
Don't miss this chance to secure a versatile property with endless potential in a blue-chip location
The size of Kingsgrove is approximately 4.5 square kilometres. There are 22 parks, covering nearly 7.6% of the total area. The population of Kingsgrove in 2016 was 12446 people. By 2021 the population was 12881 showing a population growth of 3.5% in the area during that time. The predominant age group in Kingsgrove is 40-49 years. Households in Kingsgrove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kingsgrove work in a professional occupation.In 2021, 71.40% of the homes in Kingsgrove were owner-occupied compared with 71.80% in 2016.
Kingsgrove has 6,118 properties. Over the last 5 years, Houses in Kingsgrove have seen a 23.41% increase in median value, while Units have seen a 7.64% increase. As at 31 July 2026:
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