10 Balanada Avenue, Chipping Norton NSW 2170

Large 669sqm block | R3 zoning with development upside | North-facing pool and yard | Quiet street near schools The property’s primary buying case rests on its R3 zoning and generous 669sqm block with 18.29m frontage, a rare combination in a stable, family-oriented suburb. The north-facing aspect, side access, and 51% building coverage create immediate utility for a family seeking a move-in-ready home with future medium-density potential. The single-level bedroom layout and recent cosmetic updates reduce immediate capital outlay, making this suitable for owner-occupiers or investors with a medium-term view. Its positioning within walking distance to two schools and on a quiet, owner-occupied street reinforces demand stability. The main risk is the 1980 build age, which may require structural or systems upgrades beyond the cosmetic refresh, and the 13% suburb price decline over the past year, suggesting softer short-term demand. The buyer should budget for a building and pest inspection to assess the pool, roof, and slab condition. The development upside is real but contingent on council approval and market timing; holding the property for at least five years allows the zoning premium to materialise. Use it as a well-located family home with a patient capital growth strategy.