{"Slug":"house-101-lock-street-blacktown-nsw-2148-2","CanonicalUrl":"https://realsearch.com.au/house-101-lock-street-blacktown-nsw-2148-2","Address":"101 Lock Street, Blacktown, NSW 2148","Suburb":"Blacktown","State":"NSW","Postcode":"2148","PropertyType":"House","Status":"For Sale","Headline":null,"Description":"DA Approved Retirement Village29-Unit Independent Living DevelopmentHere's a rare chance to buy a ready-to-go retirement village development site in Western Sydney, one of the fastest-growing areas of Sydney.The site is approved for 29 independent living units, perfect for seniors who want a secure, low-maintenance home while staying part of a local community. Because the Development Approval is already in place, construction can start as soon as a Construction Certificate is issued.TOTAL SITE 99 & 101 Lock St & 53 Pendant St = Over 3000m2EACH LOT99 Lock St       = 910.5m2  (frontage 13.715m)101 Lock St     = 1492m2   (frontage 14.66m)53 Pendant St = 613.4m2  (frontage 15.24m)  This opportunity is ideal for:· Retirement village operators looking to expand· Property developers experienced in medium-density or seniors housing· Community housing providers· Investors looking for exposure to the growing retirement living sectorKey Highlights· DA approval for a 29-unit retirement village. Can easily be modified to 31-unit.· Strong demand from downsizers and older residents in Western Sydney· Can operate under a 99-year lease or licence model· Attractive potential for upfront ingoing contributions· Close to hospitals, shops, public transport, and community facilities· Catchment population of 65+ years is growing rapidlyThe property is ready for a boutique retirement village. It's designed for seniors who want independent living, but with access to communal spaces and support services.Approved features include:· 29 units (mix of studios, one-bedrooms, and two-bedrooms)· Communal amenities and landscaped gardens· On-site resident parking· Accessibility-compliant designThis development ticks all the boxes for modern retirement living, meeting NSW planning and seniors housing requirements.LocationThe site is in Blacktown, right in the heart of a growth corridor in Western Sydney.Residents will have easy access to:· Hospitals and medical centres· Shopping centres and retail precincts· Public transport and main roads· Parks, community spaces, and recreational facilitiesIt's a location that balances convenience with community, perfect for seniors who want to downsize without leaving the area they know.Market OpportunityWhy this works for investors and operators:· Australia's 65+ population is growing rapidly, especially in Western Sydney· Many homeowners want to downsize from larger homes but stay local· There is a limited supply of new retirement villages, so demand outstrips supply· Independent living options are increasingly popular because they offer freedom and communityHow Retirement Villages WorkIncoming Contributions: Residents pay an upfront amount to secure a lease or licence for their home.Monthly Levies: Cover things like:· Village management· Maintenance and landscaping· Insurance· Utilities and shared servicesDeferred Management Fee (DMF): When a resident leaves, the operator receives a fee based on length of stay-providing long-term income for operators.Planning & ApprovalsThe site comes with a Development Approval already in place, meaning less risk for buyers.Key frameworks include:· Retirement Villages Act 1999 (NSW) – governs operations and contracts· Environmental Planning & Assessment Act 1979 (NSW) – planning and development rules· Blacktown City Council consentBuyers should still do their own due diligence, particularly around conditions of consent.This is a DA-approved development site, ready for the next buyer to bring it to life.Qualified buyers will have access to:· Development consent (DA)· Architectural drawings· Planning reports· Survey plans· Title search and ownership detailsA data room may be set up for serious buyers.Who Will Be Interested?· Retirement Village Operators: Expanding in Western Sydney· Developers: Experienced in seniors or medium-density housing· Community Housing Providers: Not-for-profit operators· Private Investors: Looking for retirement living exposureWhy This Opportunity is Valuable· Development approval already in place – minimal planning risk· Strong demographic demand for retirement living· Boutique village scale – manageable and desirable· Proven business model for retirement villages· Potential to stage construction to suit cash flow or market conditionsThis site is a ready-to-go retirement village project in a high-growth area with strong fundamentals.Disclaimer: We have been furnished with the above information, however, Laing + Simmons - Blacktown Property Agents gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"Contact Agent"},"Bedrooms":"9","Bathrooms":"3","Parking":"3","Features":[{"Name":"Bedrooms","Value":"9"},{"Name":"Bathrooms","Value":"3"},{"Name":"Carports","Value":"3"},{"Name":"Area","Value":"3,015 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-33.78644599,"Longitude":150.91309409,"Agent":{"Name":"Andrew  Ienna","CanonicalUrl":"https://realsearch.com.au/agent/andrew-ienna"},"Agency":{"Name":"Laing+Simmons - Blacktown","CanonicalUrl":"https://realsearch.com.au/agency/laingsimmons-blacktown"},"CreatedAt":"2026-04-16T09:41:34.4843658","UpdatedAt":"2026-04-16T09:41:37.2209085"}