Forget a home on a quarter acre block – the Aussie dream is now a house built atop a narrow strip of road judging by a bizarre real estate listing that has been turning heads in Sydney.
The 238sqm stretch of road in a popular pocket of Sydney’s southwest has been marketed as “residential land” for building a “dream home”. The price guide is $399,000-$419,000.
The 7.5m wide piece of road is part of Sovereign Circuit, a narrow service road in Glenfield, near Campbelltown. The service road connects two nearby streets and runs alongside two residences.
It is frequently used by car commuters travelling across the suburb and there are local residents who park there from time to time.
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Roads with traffic flow – even light – are typically not deemed fair game for development and the listing has baffled many local residents and triggered a mix of emotions from others.
One nearby resident told The Daily Telegraph that seeing the listing made her “sad” about living in Sydney.
“It’s terrible to think that for some people this might be all they can get,” she said.
The local Campbelltown council confirmed that the advertised block is not a publicly owned street and is a service road held in private hands.
This has made it possible for the property to be listed for sale, but a council spokesperson also explained that there is currently a title restriction on the land.
The road is located in an area was mostly developed in the last 10-15 years.
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The restriction means no building will be permitted on the site until the next door property – a two acre block of land zoned to be part of a new masterplanned community – is developed.
The property listing notes: “there is a restriction on the land requiring that it be made available as a ‘right of carriageway’ until such time that the Council extinguishes that restriction.
“This will only happen once through roads to the north are able to be completed.”
The listing, which has Ray White’s Tim Aaron as the lead agent, further explains: “the timing of these future roads is not in either of our control, I am able to advise that an application is being prepared for subdivision of the land to the north that would permit the roads to go through once it is assessed, approved and constructed”.
It’s understood that anyone who purchases the 238sqm piece of service road would have to wait until the next door property on Campbelltown Dr is developed.
That neighbouring block sold in August for $3.56m. It remains one of the last original blocks in the area yet to be developed into housing. Much of the rest of the area was developed 10-15 years ago.
“The adjoining properties have all been developed and have made provisions for this final remaining piece of the puzzle,” the agents for the Campbelltown Dr property said in the listing.
Were the service road to be transformed into a private residence, it’s not clear what would become of the rest of the road.
The road cannot be developed until the neighbouring block is developed.
The listing described the block as a “fantastic opportunity for those looking to building their dream home”.
“The surrounding neighbourhood is highly sought after,” it said. “From schools and parks to shopping centres and public transport, everything you need is just a stone’s throw away.”
