Email a Friend
22/ Knox Street Pendle Hill NSW
Property ID:
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.
