197 Shaftsbury Road, Eastwood NSW 2122

Freestanding house on 1,108m² | Long-held estate sale | Zoned for multi-dwelling development | Elevated, level parcel. This property’s core strength is its substantial, level landholding in a sought-after locale, presenting a rare development canvas. The recent approval for five dwellings crystallises its highest and best use, transitioning it from a single dwelling to a low-density residential project. It serves a developer or a buyer seeking significant equity creation through subdivision, not an end-user seeking a finished home. Proceed only with a developer’s calculus. The premium paid at acquisition is solely for the land’s development potential, rendering the existing house a liability requiring demolition. Your position carries full project risk-construction costs, financing, and market absorption of the new units. The commercial logic is clear: execute the approved plan or hold the land banking on future zoning gains. This is a strategic land play, not a conventional home purchase.