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Units A & B/53 Yelkin Street, Lake Cargelligo, NSW, 2672
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Sold On
2 October 2025
Brand New Duplex + DA-Approved Vacant Land – 4 Lot Subdivision Potential
✨ Investment Opportunity in Lake Cargelligo
Brand New Duplex + DA-Approved Vacant Land – 4 Lot Subdivision Approval
An exceptional investment or lifestyle opportunity awaits with this brand-new, premium duplex paired with a DA-approved vacant lot—positioned to capitalise on one of Central West NSW’s most in-demand rental markets.
Situated in the peaceful lakeside community of Lake Cargelligo, this modern duplex offers two beautifully finished 2-bedroom units with strong rental appeal and a combined potential rental income of approximately $800 per week. With extremely low vacancy rates of just 0.22%, this asset guarantees high demand and minimal downtime between tenancies.
Adding to the value, the generous 1,798m² block includes development approval to subdivide into four lots, unlocking multiple avenues for capital growth and future development.
Property Highlights
Two Contemporary Units
* 2 Bedrooms | 1 Bathroom | 1 Car Garage (each)
* Open-plan living and dining areas
* Contemporary kitchen with stone benchtops
* Reverse cycle heating and cooling,
* Soft carpet in bedrooms & luxury finishes throughout
* Solar system installed on each unit
* Low-maintenance front and rear yards
Investment Benefits
* Projected combined rental return: $800 per week
* Vacancy rate: 0.22%(well below the healthy benchmark of 3%)
* Strong rental demand and limited housing supply in the region
* Rates - $625.00 p/q
Land & Development
* Massive 1,798m² landholding
* DA approval to subdivide into 4 residential lots total
* Future development or land banking opportunity
Location
* Walking distance to Lake Cargelligo’s stunning foreshore
* Quiet, established residential street
* Located in one of NSW’s most picturesque and tightly held lakeside communities
Why Invest Here?
✔ Immediate rental income from two new dwellings
✔ Strong demand due to Gold and Copper mining operations
✔ Future capital growth via subdivision potential
✔ High-demand regional location with low rental supply
✔ Ideal for investors, developers, or SMSF buyers seeking dual income plus growth
Property Details
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Property Features
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