Two houses at 14 and 16 William St in Seven Hills are currently on the market.Source:Supplied
Two western Sydney neighbours have joined forces in a bid to become one of the first homeowners in Seven Hills to collect $2 million for their properties.
The adjoining homes on William St
in Seven Hills are on the market with a combined price guide of $4.25 million.
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If split equally, this would see the owners of 14 and 16 William St
collect about $2.125 million each from the sale.
The two Seven Hills houses could be transformed into 45 apartments.Source:Supplied
Realestate.com.au confirms this would be a whopping $1.3 million above the Seven Hills median house price.
It would also be higher than the $1.85 million sale of a landmark residence at 52 Solander Rd late last year, which CoreLogic reveals to be the highest residential result in the suburb.
The adjoining homes on a combined 1599sqm block are expected to fetch a hefty premium due to being positioned in a R4 High Density Residential zone.
The zoning allows a developer or investor to transform the two properties into an apartment complex with an estimated 45 residences.
Majority of the surrounding area is currently made up of freestanding houses, but that is beginning to change as a number of apartment complexes are currently under construction.
The houses are located across the road from the Seven Hills RSL and within walking distance of Seven Hills railway station.
The homes are worth significantly worth together than if sold separately.Source:Supplied
Both houses have an estimated rental return between $500 and $550 per week, which would allow a developer the chance to earn some coin while they dealt with council.
The current houses are both renovated and feature three bedrooms, garaging and airconditioning.
The properties are listed with Leon Geitzmann of Laing + Simmons Wentworthville.
Originally published asSeven Hills homeowners set for $1 million premium