24 Irvington Road, Colebee NSW 2761

Vacant lot in Colebee | Sandstone Ridge phase 4 | 295m² Torrens title | Off-market with no history. The property is a rare undeveloped lot within a controlled subdivision release, offering a buyer the chance to secure land in a growth corridor with no existing structure to manage. Its 295m² size is efficient for a modern house design, and being part of a phased development suggests infrastructure is already in place, reducing holding risk. This suits a buyer seeking a blank canvas in a rising market, particularly one who values new estate positioning over established suburb stock. The primary risk is the lack of sales history and the property being off-market, meaning price discovery is uncertain and negotiation leverage is limited. The buyer must verify council approvals and any outstanding development levies tied to the subdivision. The opportunity lies in acquiring before the next phase release, which could lift comparable values. Hold until construction is feasible or flip to a builder once the market absorbs current listings.