22/24 Parmal AvenuePadstow NSW 2211
Property Details for 22/24 Parmal Ave, Padstow
22/24 Parmal Ave, Padstow is a 7 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 2203m2.
Last Listing description (August 2025)
For Sale by Expression Of Interest
An unprecedented opportunity has emerged in the heart of Padstow-the first DA-approved unit development in the area is now on offer. This R4-zoned, blue-ribbon site presents a prime investment for developers looking to capitalize on a high-growth location. Approved for a four-storey residential unit complex with a single-level basement and total GFA of 2,859sqm, the project comprises 12 x 1-bedroom, 17 x 2-bedroom, and 6 x 3-bedroom apartments, making it a versatile and highly desirable development prospect to rent or to on sell.
Spanning 2,202.6 (approx.) across three properties, this level parcel features an expansive 43m frontage and a rear northern aspect. To be sold in one line, this premier site offers outstanding potential for those seeking a seamless transition from approval to construction. With the groundwork set and a well-designed layout catering to a diverse buyer demographic, this is a rare chance to shape the future of this thriving community. Be the first to construct and reap the awards.
Ideally positioned just 550m from Padstow train station, Woolworths/shopping precincts, and quality schools, this site ensures strong appeal for future residents. Easy access to the M5 further enhances its convenience, making it a highly sought-after address for commuters and families alike. Whether you're an experienced developer or an astute investor, this development opportunity is not to be missed.
Key Features:
- First DA-approved unit development site in Padstow
- DA-approved for 35 apartments mix of 1, 2 & 3 beds
- 12 x 1-bedroom, 17 x 2-bedroom, and 6 x 3-bedroom apartments
- Four-storey height with a single-level basement
- Three properties on total GFA of 2,859sqm
- 43m frontage, rear northern aspect
- 550m to train station, shops & schools; minutes to M5
- To be sold in one line rare, high-growth opportunity
- Total combined rental return of approximately $88,400 p/a
Property History for 22/24 Parmal Ave, Padstow, NSW 2211
- 14 Jul 2025Listed for Sale Expression Of Interest
- 10 Feb 2025Listed for Sale Expression Of Interest
Recent sales nearby
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0About Padstow 2211
The size of Padstow is approximately 5.5 square kilometres. There are 20 parks, covering nearly 10.9% of the total area. The population of Padstow in 2016 was 13306 people. By 2021 the population was 14017 showing a population growth of 5.3% in the area during that time. The predominant age group in Padstow is 30-39 years. Households in Padstow are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Padstow work in a professional occupation.In 2021, 64.80% of the homes in Padstow were owner-occupied compared with 67.20% in 2016.
Padstow has 6,478 properties. Over the last 5 years, Houses in Padstow have seen a 32.01% increase in median value, while Units have seen a 29.98% increase. As at 31 July 2026:
- The median value for Houses in Padstow is $1,562,610 while the median value for Units is $994,343.
- Houses have a median rent of $850 while Units have a median rent of $680.
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