A sprawling five-bedroom 11-year-old masterbuilt home on 6069sqm of land with huge development potential has been listed for sale in the western Sydney suburb of Austral with a price tag of $2.85 million.
The master suite of the home at 75A Seventh Av, Austral, has an ensuite with heated flooring, a two person spa and a his and hers walk-in wardrobe, as well as direct access to the entertainer’s deck.
The home and land has only been on the market for just over a month, according to agent Luke Eagles from My Property Consultants, and has so far confused mum and dad investors with the size of its development possibilities.
Mr Eagles said it is a fine example of a residential home with significant land banking potential.
“The property has a masterplan for 14 lots but you don’t have to subdivide it today, you can cut an the odd plot off in the near future for the children … the only question is what those blocks of land will be worth in the future,” Mr Eagles said.
“Developers would be looking at this property eyeing for more land with less house and we have had a few mums and dads looking at the property confused about subdivision as it is up to the eventual owner how to cut up the blocks.
“The existing house is a phenomenal size and so well appointed but the land is the real value and you could surround it with significant residential development right now if you chose to.”
The property features a custom made New Guinea Rosewood entry door and Australian Jarrah and Bluegum flooring, as well as a formal lounge room overlooking the indoor swimming pool — a 12m x 4m heated concrete in-ground pool with Quartzon finish complete with dual waterfalls.