58-60 Cumberland Road, Greystanes, NSW 2145 - More Details
Auction
Auction campaign. The vendor will meet the market.
Two adjoining blocks, one vacant, one with a single existing home. One consent covering the lot: four detached two-storey homes, each on its own 343 sqm Torrens title (DA2025/0116, Cumberland City Council, current to May 2030). No strata. Four separate titles, four separate homes.
What is approved
4 x detached two-storey homes, approx 219 sqm living each
4 bedrooms plus a flexible ground-floor room, media room, open plan living to alfresco
Master with walk-in robe and ensuite
Two homes with in-ground pools & two with detached 25 sqm studios
Individual driveways and street frontage for every lot
Where the project sits today
• DA approved 20 May 2025
• CC architectural set complete (Perras Design Group)
• Full interior architectural package complete: finishes, joinery, fixtures and schedules for all four homes. Price the build from day one, no design gap between CC and tender
• Arborist, stormwater, sediment and waste plans stamped
• Half the site is vacant land; the other half is a single dwelling demolition, not two
• Start immediately: lodge CC with a private certifier while demolition and site establishment proceed under the consent conditions
• Indicative cash to CC, excluding refundable bonds: approx. $135,000 to $190,000
Why the completed homes sell
The May 2026 federal budget proposes to limit negative gearing to eligible new builds from 1 July 2027. Treasury's own examples of eligible stock are construction on vacant land and redevelopments that increase dwelling numbers. This project is both. On completion, each of the four homes is sold to a first purchaser as new supply, into a market where established stock is losing its tax advantage. The measure is proposed and subject to legislation; buyers should obtain their own tax advice.
Greystanes
Family suburb approx 25 km west of the CBD, between the M4 and Cumberland Highway. Greystanes Public and High in catchment, Parramatta CBD approx. 10 minute drive away. The suburb's buyer pays for new, detached, four-bed product and rarely received on a single title.
Suitable for
• Builders wanting a shovel-ready project with approval risk already removed
• Developers building four-title investor stock for the post-July 2027 market
• Build-to-sell groups who can stage: start on the vacant half, fund the second from the first two settlements.
Documents available on request
Stamped DA plans, consent conditions, CC architectural set, full interior design package, structural drawings Rev B, arborist report.
Estimated costs to reach Construction Certificate
Council figures are from the consent. Other items are estimates only; buyers should obtain their own quotes.
• Section 7.11 contributions: Approx $60,000 + CPI (consent)
• Damage bonds, refundable: Approx $10,850 (consent)
• Kerb crossing bonds x 4, refundable: Approx $15,600 (consent)
• Driveway and demolition inspections: Approx $2,284 (consent)
• NSW Housing and Productivity Contribution: Approx. $24,000 to $48,000 indexed, to be confirmed
• Private certifier CC fee, four dwellings: Approx. $10,000 to $15,000
• Long service levy: Approx. $6,000 (0.25% of works value)
• Sydney Water Section 73 via Water Servicing Coordinator: Approx. $3,000 to $10,000 plus any mains work
• Landscape plan, hazardous materials survey, dilapidation record: Approx. $5,000 to $8,000
• Demolition, single dwelling: Approx. $25,000 to $40,000
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Disclaimer: The information presented has been furnished from sources we deem to be reliable. We have not verified whether or not the information is accurate and do not accept any responsibility to any person and do no more than pass it on. All interested parties should rely on their own enquiries in order to determine the accuracy of this information.
- Type
- House
- Bedrooms
- 3
- Bathrooms
- 2
- Parkings
- 3
- Area
- 1,372 m²
