FOR SALE
For Sale | Time Realty

54-56 Joseph Street
Lidcombe NSW 2141

Bedrooms: -
Bathrooms: -
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Land area: 891.9m2
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D. A. Approval site in the heart of Lidcombe

This exceptionally well-located site represents an outstanding opportunity to build a brand-new development in the inner west's fast growing property market.
Complete with DA approved architect plans for a 10-storey 48 apartment complex with street level 2 retail spaces and basement parking, these two adjoining properties offer developers enormous scope to create a designer lifestyle address within the vibrant Lidcombe precinct.
All planning approval and expenses have been taken care of and demolition is now ready to commence.
- A prime position that's located right in the heart of Lidcombe
- Approved residential/commercial development with architect plans available
- DA approval for a designer complex of 48 units and 2 retail outlets
- Three-level basement car park and security lift access to each floor
- A choice of 1, 2 and 3-bedroom units, each with private balconies
- The existing properties are currently in good lettable condition
- Both properties are currently tenanted and earning immediate income
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Property Details for 54-56 Joseph St, Lidcombe

Building Type
Commercial
Land Size
891.9m2

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About Lidcombe 2141

The size of Lidcombe is approximately 6.8 square kilometres. It has 30 parks covering nearly 6.9% of total area. The population of Lidcombe in 2011 was 16,670 people. By 2016 the population was 19,605 showing a population growth of 17.6% in the area during that time. The predominant age group in Lidcombe is 20-29 years. Households in Lidcombe are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lidcombe work in a professional occupation. In 2011, 62.6% of the homes in Lidcombe were owner-occupied compared with 55.9% in 2016.

Lidcombe has 11,269 properties. Over the last 5 years, Houses in Lidcombe have seen a 67.21% increase in median value, while Units have seen a 15.74% increase. As at 31 October 2024:

  • The median value for Houses in Lidcombe is $1,634,037 while the median value for Units is $757,297.
  • Houses have a median rent of $750 while Units have a median rent of $720.
There are currently 45 properties listed for sale, and 31 properties listed for rent in Lidcombe on OnTheHouse. According to CoreLogic's data, 553 properties were sold in the past 12 months in Lidcombe.

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Lambros Markessinis
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