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Units A & B/53 Yelkin Street, Lake Cargelligo, NSW, 2672

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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
Emma Henderson
Emma Henderson

Sales Agent

Craig Tyack
Craig Tyack

Property Expert

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