184 Burns Road, Turramurra NSW 2074

Corner block | north-to-rear aspect | approved rebuild plans | walk to school and park This property’s strongest buying case is its rare combination of a near-level 986m² corner block with a north-to-rear aspect and an existing CDC-approved plan for a luxury home. For a buyer seeking a turnkey rebuild without council delays, the approved plans remove a year of design and approval risk. The wide 18.3m frontage and R2 zoning also support a future dual-occupancy strategy, giving a buyer optionality to hold as a family home or pivot to a duplex development. It best suits a buyer who values immediate development certainty and a quiet, family-oriented pocket within walking distance to Turramurra North Public School and bushland. The primary risk is that the $2.3m purchase price in late 2023 already priced in the development potential, leaving limited margin for a buyer who pays near the current $2.57m–$2.75m estimate. The existing house is a 1990s single-level build with limited appeal as a long-term family home, meaning the buyer must commit to a rebuild or significant renovation to unlock value. The opportunity lies in executing the approved plans efficiently, as rising Turramurra medians and low stock in this school catchment support a premium sale upon completion. Hold this property as a development project with a clear 18-month build timeline, or as a land bank for future dual-occupancy subdivision.