Prime Development Opportunity with Strong Holding Income

158 NICHOLSON STREET, GOULBURN • DATE PUBLISHED: 09 FEB 2026

Set on a generous 1,355sqm flat block, this four-bedroom home presents an outstanding opportunity for investors, developers, or those looking to landbank in a high-growth location.

Currently leased at $580 per week, the property provides immediate rental income while you plan for the future. Positioned close to the recently upgraded Goulburn Base hospital and local schools, the location offers strong tenant appeal and long-term development potential.

The expansive rear yard comes with approval in place for 3 one-bedroom townhouses, making this a rare opportunity to secure a ready-to-go development site in a well-established area. Whether you choose to retain the existing dwelling and build at the rear, redevelop the entire site, or simply hold as a solid investment, the flexibility here is undeniable.

Key Features:

• Four-bedroom.
• Recently updated kitchen & bathroom
• Currently leased at $580 per week.
• Large 1,344sqm flat block.
• Approved for three 1-bedroom townhouses at the rear.
• Close to Goulburn Base Hospital, parks and schools.
• Strong investment and development potential.
• Triple street frontage

Registration for auction below.

https://buy.realtair.com/properties/229626

Opportunities with approval already secured and income in place are increasingly hard to find. Enquire today to explore the potential on offer.