61 Wentworth Avenue, Wentworthville NSW 2145

Property Details: • Type: House

• Bedrooms: 7 • Bathrooms: 4

Description: Contact agent for 7-day inspection by appointment This is not just an ordinary house. It is a rare asset that combines immediate cash flow, DA-approved Co-Living development certainty, and a high-yield future hold strategy in one offering. Positioned in the heart of Wentworthville, the property is approximately a 2-minute walk to the railway station, 3 minutes' drive to the University of Western Sydney, 4 minutes' drive to the Westmead health and medical precinct and only 5 minutes' drive to Parramatta CBD. Existing Holding Income Already in Place. The property is currently improved with: 9 bedrooms 1 self-contained granny flat all individually leased Current total rental income is approximately: $2,500 per week around $130,000 per annum In other words, the purchaser is not simply buying a vacant site and carrying it while waiting for the next step. This is an asset that already produces cash flow from day one, providing meaningful support while future development plans are prepared. DA Approved Clear and Defined Development Pathway. Under the approved scheme, the site is approved for: 32 self-contained studio units each approximately 20 to 25 square metres every studio includes its own private ensuite every studio includes a kitchenette every studio also benefits from its own private outdoor space, either a courtyard or a balcony, which is a major point of difference in this category The overall approved development includes: single-level basement 3-storey residential building shared facilities including: - gym - co-working space - garden BBQ and social area This is not the type of project that simply tries to maximise density while ignoring the resident experience. Its strongest point is that, even as a compact studio product, each unit still delivers genuine privacy, independence, and outdoor amenity. That matters enormously when it comes to tenant appeal, rental resilience, and leasing performance over the long term. Strong Future Income Potential 32 studios × $500 per week indicative gross rental income of approximately $832,000 per annum Even at a simple first-level income view, this is enough to show that the property is far more than an older house with redevelopment upside. It is a future income-generating asset with the potential to be scaled significantly through the approved scheme. The Land Fundamentals Are Strong in Their Own Right Land area of approximately 1,024 square metres R4 High-Density Residential zoning This means the site is not simply a low-density residential holding. It already carries strong redevelopment attributes and significant flexibility. When combined with an already approved DA, the buyer is not purchasing "potential" in the abstract - they are acquiring a site with a highly defined and substantially de-risked next step. What Supports Demand Here Is More Than Just Proximity to the Station. The value of this location goes beyond being close to rail. The Wentworthville, Westmead, and Parramatta corridor is one of the strongest and most reliable rental catchments in Western Sydney. It is supported not just by transport, but by a deep and growing employment base, healthcare demand, education, and urban infrastructure investment. The project sits in a location where: transport connectivity is already established the Westmead health and medical precinct provides one of the largest concentrations of healthcare, research, and education jobs in Australia Parramatta continues to strengthen as Sydney's second CBD Western Sydney's long-term population and employment growth continues to accelerate So the investment case here is not based on speculation or hope. It is based on the reality that transport, employment, healthcare demand, policy support, and population growth are already converging in this corridor. The DA approval documents can be provided upon request. Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own inquiries.