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19 & 21 Banks Street
Padstow NSW 2211

Bedrooms: 11
Bathrooms: 4
Car spaces: 13
Land area: 1391.2m2
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A Rare Blue-Chip Opportunity Set on Approx. 1,391.2 sqm 400M to The Station

Nestled in a prime location 400M/6min walk to Padstow station. These two separate original cottages, offered in one line, present an exceptional development or investment opportunity on corner position. 19 Banks is a 7-bedroom, 2.5-bathroom home with 8 parking spaces & a single lock-up garage, while 21 Banks is a 4-bedroom, 2-bathroom home with 5 parking spaces including double lock-up garage.
Both homes sit on approx. 695.6 sqm blocks each, boasting 15.24m frontages each. Whether you're an investor seeking a valuable land bank or a developer wishing to capitalise on a fantastic location, this property offers significant potential for expansion or future growth. With possibilities to create a set of CDC approved duplexes, daycare centre, unit development or approx. 45 boarding homes - subject to council approval (STCA), the opportunities here are immense. Zoned R4 with 4 storey height limit with a 1:1 ratio or potential to capitalise on future growth with transport orientated development plan (TOD) from NSW Government.
Currently both tenanted with a combined rental of approx $1,500 per week - $78,000 Per annum. Just minutes away from Padstow amenities, these homes are just under 50m to Padstow Park, 300m/6 min walk to Padstow station, m5 motorway and 400m to the shopping conveniences of Padstow village.
Features include:
- Sold in one line, combined land size of 1,391.2sqm (695.6sqm Each)
- Combined frontage of approximately. 30.48m (15.24m Each)
- Rare and expansive, perfectly located for a childcare (STCA)
- Dual CDC approved occupancy x 2 freestanding luxury homes (STCA)
- Potential to capitalise and build approx 45 Boarding homes (STCA)
- Currently Tenanted combined rental of $1,500 P/W - $78,000 P/A
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Property Details for 19 & 21 Banks St, Padstow

19 & 21 Banks St, Padstow is a 11 bedroom, 4 bathroom House with 13 parking spaces. The property has a land size of 1391.2m2. The place is currently for sale with LJ Hooker Padstow.

Building Type
House
Land Size
1391.2m2

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About Padstow 2211

The size of Padstow is approximately 5.5 square kilometres. It has 20 parks covering nearly 10.9% of total area. The population of Padstow in 2011 was 12,716 people. By 2016 the population was 13,287 showing a population growth of 4.5% in the area during that time. The predominant age group in Padstow is 50-59 years. Households in Padstow are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Padstow work in a professional occupation. In 2011, 70% of the homes in Padstow were owner-occupied compared with 67.2% in 2016.

Padstow has 6,232 properties. Over the last 5 years, Houses in Padstow have seen a 66.34% increase in median value, while Units have seen a 33.18% increase. As at 30 September 2024:

  • The median value for Houses in Padstow is $1,460,248 while the median value for Units is $915,334.
  • Houses have a median rent of $795 while Units have a median rent of $590.
There are currently 23 properties listed for sale, and 21 properties listed for rent in Padstow on OnTheHouse. According to CoreLogic's data, 282 properties were sold in the past 12 months in Padstow.

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Emma Wallekers
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LJ Hooker Padstow
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