6 Lily Avenue, RIVERWOOD

$$799,000 - $849,000
Development Site
Listing ID: ID2218
November 2, 2017

Description

SYDNEY FRINGE SUBURBAN LOCATION

INSPECTION BY APPOINTMENT ONLY

FAMILY HOME – DEVELOP THE BLOCK (STCA), EARN RENTAL INCOME OR MOVE IN YOURSELF!

Where else can you find a block like this so close to Sydney just off the M5 corridor? This tightly-held, brick veneer, family property has the potential to gain significant value with a number of possible improvements, subject to council approval (STCA).

In a desirable location, this one is positioned just 850metres to pre-school, 3.2kms to high school, 4.5kms to Canterbury Golf Club, 1km to the Belmore Road M5 junction and 20kms to Sydney’s CBD. The main shopping centre is located on Belmore Road and Thurlow Streets, near Riverwood railway station.

The home itself is a well presented, spacious three-bedroom residence with country style kitchen, flowing out to open plan lounge and dining. The home is older in style but has been well maintained and is very comfortable.

The dwelling is situated toward the front of the block, leaving plenty of rear garden space as the view, from the covered, paved entertaining area. The garage is original in style, with power and is quite large at approx. 8m x 3m leaving plenty of space toward the rear for a workshop, if desired.

The front of the home is deceiving but greets you with a single carport, with enough space for a small car to give full access to the rear and with full concrete around the home. There is also full solar hot water, for those cheaper power bills.

Of course, one can’t go past the zoning of this block, which gives the astute buyer a range of options, if building and / or developing the site (STCA):

  • Zoned R3 Medium Density Residential on 479m2
  • Well maintained, brick veneer 3 bedroom home, 8ft ceilings, Security shutters throughout
  • Country style kitchen, open plan living to the lounge room with wood fireplace
  • Large formal dining room, with sliding doors leading to the large, covered entertaining
  • 3 bedrooms, built-in robes to all,
  • Solar hot water and broadband internet
  • Sealed cork flooring throughout, fully tiled wet areas, second toilet
  • Level, rectangular, fully fenced block, private with side access
  • Original single lock up garage with power
  • Fruit trees, mature trees and shrubs and enough space to kick a ball in
  • Location is everything, so close to Sydney’s CBD, minutes to all amenities

With council’s projected growth management strategies for the area there is no doubt that the prospects for urban development are enhanced, when buying into a location such as this and this opens-up excellent potential to either land bank, develop (STCA) or simply move in!

Don’t miss out! Enquire directly to the Principal, Peter Hunt at Peter Hunt Real Estate for further information on 02 4656 1929.

Riverwood is located 18 kilometres south of the Sydney Central Business Direct and is part of the St George area. Riverwood is split between the local government areas of the Georges River Council and the Canterbury-Bankstown Council.

The area was originally known as Herne Bay, with the suburb’s name changed to Riverwood in 1957. The southern part of the suburb has been mostly privately developed over the years since and is a part of the growth corridor for the region, catering for the needs of all buyers.

Located about 40 mins from Sydney, less than 3hrs to Canberra and about an hour to Wollongong’s beaches, Riverwood is en-route to the major growth regions of Liverpool, Macarthur and the Southern Highlands, which is the gateway through to this region.

Please note: The information contained in this advertisement is wholly reliant upon information supplied to our office. Whilst every effort is taken to ensure this property description is accurate, we cannot accept responsibility for errors or omissions, if any. We encourage you to make your own financial and legal enquiries to assist in your decision to buy. Any reference to possible development is always subject to Council Approval and we encourage you to make your own enquiries, in this regard. Please ask us if you would like a copy of the full Contract for Sale.

Location

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