110 Wellbank Street, Concord NSW 2137

4-bed family house | quiet Concord pocket | 689sqm level block | knockdown-rebuild potential This property offers a rare combination of a generous 689sqm level block in a tightly held Concord street where 80% of properties are owner-occupied, meaning supply is constrained and resale competition will remain strong. The existing 160sqm brick home with three living areas and recent updates works well for a family wanting to move in immediately while holding land for future redevelopment. Its position in a no-overlay zone with no bushfire, flood, or heritage restrictions gives a buyer optionality that many comparable properties lack, and the strong auction turnout confirms deep demand for this configuration. The main risk is paying a premium for the existing house when the land value alone may not support the December 2025 sale price in a softer market, particularly if borrowing costs remain elevated. A buyer should commission a building and pest inspection to avoid surprise structural costs that erode the land play. The opportunity lies in holding for medium-term capital growth while enjoying the liveable home, or pursuing a knockdown-rebuild once zoning or market conditions shift. Use this property as a land bank with immediate utility.