2 Mimosa Close, St Clair NSW 2759

Large 855sqm block | duplex potential STCA | strong rental yield | family-friendly St Clair pocket This property offers a rare configuration edge in St Clair: an 855sqm parcel with a modest 100sqm house, effectively selling as land with a rental income stream attached. The block’s size, flat topography, and absence of flood or bushfire overlays position it competitively for either a duplex development or a granny flat addition, subject to council approval. For a buyer seeking land banking with immediate cash flow, the existing three-bedroom house can generate $700–$800 per week, covering holding costs while approvals are pursued. The location serves families well, with a primary school within 400 metres and a high owner-occupier rate of 81% on the street, supporting stable long-term demand. The principal risk is the house’s modest condition and floor area,approximately 100sqm,which limits its appeal as a standalone family home and may require renovation to achieve top-end rental or resale value. Development upside depends entirely on council consent for duplex or granny flat, which is not guaranteed and carries time and cost contingencies. The opportunity lies in acquiring a large block in a tightly held street with no recent comparable sales, offering potential for capital growth through either development or a future rebuild. Hold for land appreciation while the existing house delivers a 4–5% gross rental yield, or pursue a duplex application to unlock the site’s full value.