74 Smith Road, Yagoona NSW 2199

4-bed house on 820m² | duplex potential (STCA) | 7 car spaces | self-contained studio | immediate school catchment This property presents a strong development play, rare for its combination of a large, flat block, existing secondary income from the studio, and explicit duplex potential subject to council approval. The seven parking spaces significantly exceed area norms, offering practical utility or future value. It best serves an owner-occupier seeking to offset costs or a strategic buyer positioned for a low-density subdivision, capitalising on the clear scarcity of similarly configured offerings in Yagoona. The primary risk is the binary council approval process for duplex conversion, which carries unknown time and cost. The commercial logic is to acquire the existing house with its income component while securing the future optionality of a subdivision, a premium worth paying against standard 4-bedroom stock. Proceed with an offer conditional on a feasibility study, targeting a hold period that captures both the current rental yield and the future land value uplift. Our detailed report would pressure-test the subdivision viability, identify locality-specific zoning risks, and provide an accurate construction cost assessment to underpin your valuation. A direct comparable at 14 Smith Road, a 3-bed, 1-bath on 851m², carries an estimated value of $1,786,000. This suggests a significant value premium for the subject property’s extra bedroom, two additional bathrooms, and vastly superior parking provision, reinforcing its standout configuration. The wide variance in nearby home sizes indicates a streetscape without uniform character, which can dilute value certainty but may facilitate redevelopment approvals.