106 Caroline Street

Positioned in one of Kingsgrove's most sought-after pockets, this exceptional 654.9sqm parcel of dead level land presents an outstanding opportunity for first home buyers, savvy investors, and builders alike. Featuring an existing one-bedroom granny flat, the property offers immediate rental potential or scope to renovate. Perfectly located just 500 metres from Kingsgrove shops, cafes, and train station, convenience is at your doorstep. Families will appreciate being directly opposite St Ursula's College, child care centre and Our Lady of Fatima School, making this an ideal long-term investment. Enjoy the rare combination of peace, privacy, and proximity to all amenities in a thriving community. Why This Granny Flat is a Significant Advantage When developing a vacant lot, existing structures are typically demolished for one of two reasons: • They do not comply with council or CDC regulations, or • Their position on the land restricts development, reducing the lot's full potential This property avoids both issues entirely: • The granny flat is fully compliant with all council and CDC regulations • Its position on the lot does not obstruct or restrict the construction of a new dwelling in any way • The full development potential of the land remains completely intact • Represents an immediate saving of $150,000-$200,000 (STCA)- the current cost of building an equivalent granny flat from scratch Key Features: · Generous 654.9sqm land parcel · Existing one-bedroom granny flat with potential to renovate · Ideal for new home construction (STCA) · Prime location just 500m to shops, cafes, and transport · Opposite quality schools · Excellent entry-level opportunity into the Kingsgrove market Don't miss this chance to secure a versatile property with endless potential in a blue-chip location