Property ID: 8516962

22/ Knox Street PENDLE HILL NSW 2145


DA Approved 4-Dwelling Development | Dual Income | Positive Cashflow + Capital Growth
Nirvana Estate Agents proudly presents a rare, DA-approved 4-dwelling opportunity combining premium design, exceptional rental yield and long-term growth - a blueprint for investors looking to secure both immediate cashflow and future capital appreciation in one of Sydney's fastest-rising locations.

Set on a generous 952SQM parcel, this project comes with full Development Approval for 2 architecturally designed Torrens title homes plus 2 x 2-bedroom granny flats - creating a four-income-stream asset that's virtually impossible to find in the current Sydney market.

When completed, the development is forecast to return $3,300–$3,500 per week (approx. $171,600 per annum based on 2027 projections), delivering positive cashflow from day one with the added benefit of strong depreciation and steady capital growth averaging 5-7% per year.

Property & Investment Highlights
DA Approved for 4 dwellings: 2 luxury homes + 2 x 2-bedroom granny flats

Forecasted Rent (2027):
• 2 Houses (5-bed equivalent): $1,050 – $1,100 per week each
• 2 Granny Flats: $600 – $650 per week each
• Total Income Potential: $3,300 – $3,500 per week

Flexible Staging Option: Build and lease rear granny flats first while planning/funding the front houses.

The Opportunity
Currently improved by a solid brick 5-bedroom home in great condition, the site allows for short-term rental income or owner occupation while planning construction.

With Sydney's rental demand surging and land supply tightening, developments of this scale offer one of the most balanced risk-to-reward profiles in today's market - positive yield, tangible equity growth and multiple exit strategies.

Why You'll Love It
- 4 dwellings, 4 incomes - fully DA approved
- Positive cashflow from completion
- Strong depreciation + compounding capital growth
- Rare dual-income zoning in an established area
- Multiple build & hold strategies available

Enquire Now

For stamped plans, feasibility breakdowns, or to inspect the existing home, contact the team at Nirvana Estate Agents today.
This is a turn-key, DA-approved investment that offers high yield, flexible execution, and unmatched long-term growth potential - the kind of opportunity serious investors rarely let slip.

Disclaimer: We have obtained all information herein from sources we believe
to be reliable; however, we cannot guarantee its accuracy. Prospective
purchases are advised to carry out their own investigations.
Property Features
  • - 3 Phase Power
  • - Air Conditioning
  • - Alarm System
  • - Built-ins
  • - Close to Schools
  • - Close to Shops
  • - Close to Transport
  • - High Clearance
  • - Intercom
  • - Kitchenette