13 Dunbier Avenue, Lurnea NSW 2170
13 Dunbier Avenue, Lurnea NSW 2170
696 sqm R3 in Liverpool Council | wide 17.6m frontage | redevelopment optionality | sold $1.1m in 2024
The buying case rests on the land: a 696 sqm R3-zoned block with a 17.6-metre frontage is uncommon in this price band, and that configuration gives a buyer positional leverage. The wide frontage supports duplex or granny flat potential subject to council approval, which is the propertyโs primary competitive edge. The existing three-bedroom, one-bathroom house is functional but not a value driver; it serves as a holding income source while redevelopment options are explored. This property suits a buyer who can fund a longer-term redevelopment timeline and wants to bank land with uplift capacity in a corridor where comparables suggest rising family demand.
The main risk is that the R3 zoning does not guarantee approval for higher density; council discretion and site constraints will shape outcomes, and the holding cost of a dated house with only one bathroom may limit rental yield to around $700-$800 per week. The opportunity is to hold, renovate the interior to lift rent, then lodge a dual-occupancy application once local policy direction firms. A plain one-liner: buy for the land and frontage, treat the house as a placeholder, and time the redevelopment to Liverpool Councilโs next planning cycle.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 13 Dunbier Avenue, Lurnea NSW 2170
Market Insight:
Lurnea is a well-established residential suburb demonstrating consistent long-term growth, currently positioned at fair value with stable fundamentals. Demand is supported by its established character and access to amenities, creating a healthy market where prices are expected to hold or increase marginally. Recent conditions show strong price growth across both houses and units, with a notably active sales market. Future performance is underpinned by sustainable demand against supply, with the key constraint being the limited availability of properties for sale.