Auction Saturday - MUST BE SOLD !

PRIME R3 MEDIUM DENSITY OPPORTUNITY | DEVELOPMENT POTENTIAL

An outstanding opportunity to secure a well-positioned residential property offering the perfect combination of comfortable family living and significant future development potential. Approximate rental return $700 - $750/week.

Situated within an R3 Medium Density Residential zone, this property presents an exciting opportunity for astute buyers, developers, builders and investors looking to capitalise on the growing demand for medium-density housing.

The existing home provides a solid residential offering, while the property's zoning and underlying land present potential for a range of future development concepts, subject to Council approval and relevant planning requirements.

Development Potential

The R3 zoning may provide scope to investigate options including:

• Townhouse development
• Duplex / dual-occupancy development
• Medium-density residential development
• Potential combined commercial & apartment development, subject to applicable planning controls
• Alternatively, retain the existing home as an investment or family residence

With the right vision, this property could provide the foundations for an exciting development project in a highly sought-after residential market.

Key Highlights

• R3 Medium Density Residential zoning
• Existing residential home
• Development potential - STCA
• Opportunity for developers, builders and investors
• Multiple potential development outcomes including commercial and apartments
• Strong long-term investment appeal
• Secure the land now and explore its future potential

Whether you're looking for a family home, investment property or your next development project, this is an opportunity worth serious consideration.

Opportunities of this nature are tightly held and rarely come to market.

Inspect the property and unlock the potential for yourself.

***NOTE - Development potential is subject to Council approval, applicable planning controls, site constraints, development standards and all relevant statutory requirements. Prospective purchasers should make their own enquiries with the relevant local authority and obtain independent professional advice regarding any proposed development.

Explore the area

School catchments

Woonona Public School Primary K-6 Government 0.18km
Woonona High School Secondary 7-12 Government 0.33km
Woonona East Public School Primary K-6 Government 1.3km
Waniora Public School Primary K-6 Government 1.5km
St Joseph's Catholic Primary School Primary K-6 Catholic 1.6km
Bulli High School Secondary 7-12 Government 1.6km
Russell Vale Public School Primary K-6 Government 1.7km
Bulli Public School Primary K-6 Government 2.0km
Holy Spirit College Secondary 7-12 Catholic 2.4km
Corrimal Public School Primary K-6 Government 2.7km
St Columbkille's Catholic Primary School Primary K-6 Catholic 2.8km
Bellambi Public School Primary K-6 Government 3.1km
St Michael's Catholic Primary School Primary K-6 Catholic 3.3km
Thirroul Public School Primary K-6 Government 3.4km
Corrimal High School Secondary 7-12 Government 3.5km
Corrimal East Public School Primary K-6 Government 3.7km
Tarrawanna Public School Primary K-6 Government 4.3km
Austinmer Public School Primary K-6 Government 5.1km
Towradgi Public School Primary K-6 Government 5.1km
Elonera Montessori School Combined K-12 Independent 6.7km
Wollongong High School of the Performing Arts Secondary 7-12 Government 7.0km
Keira High School Secondary 7-12 Government 7.1km
Smiths Hill High School Secondary 7-12 Government 8.4km
St Mary Star of the Sea College Secondary 7-12 Independent 9.0km
Edmund Rice College Secondary 7-12 Independent 9.3km
The Illawarra Grammar School Combined K-12 Independent 9.9km
Figtree High School Secondary 7-12 Government 11.5km
OneSchool Global NSW - Illawarra Combined 3-12 Independent 11.5km
Illawarra Christian School Combined K-12 Independent 13.0km
Cedars Christian College Combined K-12 Independent 14.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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