A sprawling four-bedroom home on two hectares complete with a four-car garage featuring its own studio apartment has been listed for March auction.
The property, located at 6 O’Dell St, Vineyard may be levelled under the Vineyard Stage One release project.
The north west Sydney suburb of Vineyard sits within the NSW Government’s North West Priority Growth Area – a 230 hectare region in the Hawkesbury Local Government Area earmarked by the state government for future redevelopment. The Vineyard Stage One plan includes development of a primary school, village centre, 2,300 new homes and 27 hectares of open space.
McGrath agent Greg Vincent said the current owners purchased the property in 2013 as an investment, however have decided to sell because they don’t wish to develop the property themselves under the Vineyard Stage One plan.
“Eventually it will be knocked down to make way for the Vineyard Stage One project but at the moment it is a great investment opportunity for a potential developer,” he said.
“There is a tenant in there and the owners are getting good returns.
“I have found following a suburb rezoning a lot of the former residents become a displaced community but oftentimes they will reinvest back onto acreage again as they don’t want to go on living in a purely residential dwelling.”
The home has possibly the coolest garage around – it fits four cars and has studio accommodation attached.
There is also a workshop sized 7.6m x 12.2m. A lot of the land to the rear of the house has been painstakingly cleared and it also features a stable area and horse paddock.
The inground swimming pool backs onto the entertainer’s terrace that extends to the large home that offers four upstairs bedrooms each with built-in wardrobes. There is an open plan living room, large kitchen and family zone.