79A Southey Street Mittagong NSW 2575

Large private block | subdivision potential | parkland rear views | solid home needing renovation | rare Mittagong size This property presents a rare opportunity in Mittagong, defined by its substantial 2,512sqm lot in a suburb where such land parcels are uncommon. The key strength is the immediate subdivision or second dwelling potential, coupled with a private, parkland-style setting. It serves family buyers seeking space and future flexibility, or those aiming to capitalise on the block’s development upside, though the existing house requires investment to modernise. The primary cost is the renovation outlay required to realise the home’s full comfort or rental potential. The absence of bushfire or flood overlays mitigates standard development risks, enhancing the block’s commercial logic. Acquire this as a long-term hold to develop the land asset, not for its existing improvements. Our report provides the precise market valuation, due diligence checklist, and locality risk assessment needed to secure this unique property.