1 Deakin Place, Kirrawee NSW 2232

Dual-income R2 corner block | 500m to station and shops | Immediate rental yield with LMR policy upside | Two fully self-contained residences This property presents a rare configuration advantage in Kirrawee: two fully self-contained residences on a single R2-zoned corner block, each with private access. For a buyer seeking immediate rental income without sacrificing development optionality, this is competitively strong. The 556m² corner position, absence of flood or heritage overlays, and location within the new LMR Housing policy area mean the property carries both cash flow and future uplift potential. It serves best an investor or a buyer with medium-term redevelopment intent who values holding income while planning. The 2012 purchase price of $610,000 underscores land value growth; the current listing reflects a market that has repriced the dual-occupancy configuration. The primary risk is valuation uncertainty: the Domain Insight mid-estimate of $1.5 million sits above Kirrawee’s median house price of $1.225 million, and the street has no recent sales to anchor comparables. The buyer pays for a premium on configuration and policy positioning, not for recent market evidence. Offsetting this, the dual-income structure reduces holding costs materially, and the LMR zone may permit future subdivision or increased density,though this requires council confirmation. The property should be held as a yield-generating compound with a five-year view to redevelopment or strata subdivision, whichever the planning pathway supports.