38 Red Cedar Dr, Reynella is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1966. The property has a land size of 721m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 3 bedroom House sold in Reynella in the last 12 months.
38 Red Cedar Drive, Reynella - Move In. Rent Out. Develop. Your Future Starts Here.This is more than a property - it's a strategic opportunity with multiple paths to success.At 38 Red Cedar Drive, you're securing a site that already has the groundwork done, with approvals and concept plans in place to redevelop into three homes (STCC) - giving you flexibility, control, and a clear vision forward.Move in. Rent out. Or develop. The choice is yours.Live comfortably in the existing home while you plan your next move.Lease it out to generate income and reduce holding costs.Or move forward immediately and bring the approved development to life.The opportunity is ready when you are: Approved concept plans and renders for 3 dwellings (STCC) Strong block dimensions suited to redevelopment Flexibility to live in, lease out, or develop immediately Located in a high-demand, family-friendly suburbThis is the kind of opportunity that experienced buyers look for - where the hard work is already done, and the upside is clear.And the location makes it even stronger: Close to Southgate Plaza for shopping and essentials Nearby Reynella Primary School and local amenities Easy access to the Southern Expressway to the CBD Surrounded by parks and reserves that future buyers will loveWhether you're building your portfolio, planning your next project, or creating long-term security, this is a chance to take control of your future with confidence.Because the right property doesn't just give you options -it gives you direction.Move in. Rent out. Develop. Repeat.Enquire now for full details on approvals, plans, and how to secure this opportunity.Disclaimer:RLA 274768Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur.All images and marketing material are for illustrative purposes only. Items, finishes, and colours may vary depending on availability at the time of construction
The size of Reynella is approximately 4.2 square kilometres. There are 9 parks, covering nearly 6.6% of the total area. The population of Reynella in 2016 was 4753 people. By 2021 the population was 4836 showing a population growth of 1.8% in the area during that time. The predominant age group in Reynella is 30-39 years. Households in Reynella are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Reynella work in a trades occupation.In 2021, 79.30% of the homes in Reynella were owner-occupied compared with 77.00% in 2016.
Reynella has 2,395 properties. Over the last 5 years, Houses in Reynella have seen a 90.52% increase in median value, while Units have seen a 139.55% increase. As at 30 September 2026:
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