1 Chowne Place, Middle Cove NSW 2068

Large land with subdivision DA | 4-bed house in cul-de-sac | Top catchment schools | Auction mid-April This property presents a compelling proposition based on its land size and development approval, placing it in a distinct category within the street. The 1,050 square metre parcel is notably larger than most neighbouring lots, which typically range from 750 to 850 square metres, providing immediate scarcity value. The existing four-bedroom home serves a family buyer, but the approved DA for subdivision is the critical differentiator, offering a strategic buyer the option to hold a substantial family home in sought-after school catchments or to execute a value-add subdivision, a rare opportunity in this established locale. Its position in a quiet cul-de-sac near Castle Cove Public and selective high schools anchors its appeal to the family demographic, ensuring consistent underlying demand. Proceed with the understanding that the primary risk is the auction process itself, which will test the market’s valuation of the subdivision potential and could compel a premium beyond the value of the existing house alone. The commercial opportunity lies solely in capitalising on the DA, as the home’s specific condition and finishes are unknown and may require investment. A nearby property carries a bushfire overlay, a due diligence item for this address. Your decision hinges on intent: acquire and hold as a long-term family home with embedded optionality, or acquire as a development project. Given the data, treat it as a land play with a house included; the winning bid should be justified by the subdivided end value, not by the current dwelling alone.