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1 Frederick Street, Crestwood, NSW 2620-Image For Sale
1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620-Image 1 Frederick Street, Crestwood, NSW 2620

1 Frederick Street, Crestwood, NSW 2620

Auction - Price Guide $800,000 - $880,000

Residential Land
Type
718 m²
Area

Last updated on Wednesday, June 24, 2026 ( See property details for 1 Frederick Street, Crestwood, NSW 2620)

Auction - Price Guide $800,000 - $880,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile 718m² residential land parcel in Crestwood offering R3 zoning, existing income, and significant development potential near Canberra and Queanbeyan.

🏡 Property Highlights

  • R3 Medium Density Zoning for increased development potential
  • Existing long-standing automotive business providing immediate income
  • Strategic location close to Queanbeyan CBD and Canberra
  • Flexible holding strategy with income and future redevelopment upside
  • Permitted uses include townhouses, dual occupancies, and terraces
  • Rare opportunity combining income stream with development prospects

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Dual Living
  • Home Office / Study
  • Balcony
  • Garage
  • Outdoor Area
  • Built-in Robes
  • Security Screens / Gates
  • Fly Screens

Crestwood is a thriving suburb renowned for its strategic location close to Queanbeyan CBD and Canberra, offering excellent connectivity and growth prospects. The area features established amenities, parks, and schools, making it highly desirable for families and investors alike. Its increasing demand for low-maintenance, medium-density housing options supports strong resale and rental markets. Crestwood’s ongoing development and proximity to regional centres ensure long-term value appreciation. The neighbourhood combines a peaceful community atmosphere with excellent accessibility, making it an ideal location for both immediate income and future redevelopment opportunities.

What are the permitted development options under R3 zoning for this land?
Permitted uses include townhouses, multi-dwelling housing, dual occupancies, manor homes, terraces, and boarding houses, subject to council approval.
Can the existing automotive business continue operating after purchase?
Yes, the current landowner operates a long-standing automotive business, which can continue under an agreed commercial lease or be vacated upon settlement.
What are the benefits of holding this land as an investment?
The property offers immediate income potential through the existing business, along with future redevelopment opportunities under R3 zoning, making it a flexible long-term investment.
Is the land suitable for building townhouses or duplexes?
Yes, the R3 Medium Density zoning permits the construction of townhouses, duplexes, and other multi-dwelling developments, subject to council approval.
What amenities and services are available nearby?
The property is minutes from local schools, parks, shopping centres, and offers easy access to Queanbeyan CBD and Canberra, ensuring convenience and connectivity.
Are there any zoning restrictions or planning overlays that could affect future development plans? What are the current council requirements and approval processes for building under R3 zoning? Are there any easements, covenants, or restrictions on the land that could impact development? What is the condition of the existing infrastructure and services on the site? Are there any environmental or bushfire risks associated with the property? Is there any ongoing or planned nearby construction that could affect the property’s value or livability? What are the terms and conditions of the existing lease for the automotive business? Are there any strata or community title considerations if subdividing or developing? What are the potential costs involved in rezoning or obtaining development approvals? Is the property located within a flood zone or bushfire-prone area?

1 Frederick Street, Crestwood, NSW 2620 - More Details

Auction - Price Guide $800,000 - $880,000

Positioned within the R3 Medium Density Residential zoning under the QPRC Local Environmental Plan, this exceptional parcel of land represents a rare and highly valuable opportunity for developers, investors, and forward-thinking buyers.

Why R3 Zoning Matters:
The R3 Medium Density zone is specifically designed to encourage a more diverse and intensive form of residential development than standard low-density housing. This zoning allows for greater flexibility and significantly enhances the land's development potential.

Permitted Uses Include (STCA):
Townhouses / multi-dwelling housing
Dual occupancies
Manor homes / terraces
Boarding houses and other residential accommodation options

This zoning unlocks the ability to increase dwelling yield, making the site particularly attractive for developers seeking to maximise return on investment in a growing regional centre.

Added Income Security – Existing Automotive Business
Further enhancing its appeal, the current landowner operates a long-standing and established automotive business from the site. There is the potential for this business to continue under an agreed commercial lease arrangement, providing purchasers with an immediate income stream or a holding strategy while planning future development. Or simply buy with vacant possession.

This creates a rare dual-benefit scenario:
Short-term rental income and tenant stability
Long-term redevelopment potential under R3 zoning

The Value Proposition:

Higher Density = Higher Returns
Compared to traditional R2 zoning, R3 allows multiple dwellings on a single title, creating strong potential for redevelopment profits or diversified rental income.

Strategic Growth Area
Crestwood continues to benefit from its proximity to Queanbeyan CBD and Canberra, underpinning demand for well-located medium-density housing.


Supply Meets Demand
Increasing buyer demand for low-maintenance homes such as townhouses and duplexes supports strong absorption and resale potential.


Flexible Holding Strategy
Generate income now through a commercial lease while securing future development upside.

Location Benefits:

Minutes to local schools, parks, and shopping
Close to Queanbeyan CBD
Easy commute into Canberra
Established neighbourhood with consistent growth

A Rare Combination of Zoning, Income & Future Upside
Opportunities offering R3 Medium Density zoning plus an existing income-producing business are exceptionally scarce. Whether you're ready to develop, invest, or land-bank, 1 Fredrick Street delivers unmatched flexibility and long-term value.

Secure a site where immediate income meets future opportunity.

Disclaimer: All care has been taken in the preparation of this marketing material, and details have been obtained from sources we believe to be reliable. Blackshaw do not however guarantee the accuracy of the information, nor accept liability for any errors. Interested persons should rely solely on their own enquiries.
Type
Residential Land
Area
718 m²

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