27 Holmes Street, Turramurra NSW 2074

Large landholding | dual-occupancy zoning | station proximity | development optionality This property’s competitive strength lies in its 1,119-square-metre parcel within Low-Mid Rise zoning, a configuration rarely available near Turramurra station. The combination of permitted dual occupancy and subdivision gives a buyer positional leverage over standard family homes on this street, as the land’s potential value meaningfully exceeds that of the existing three-bedroom dwelling. It best serves a buyer willing to hold for medium-term capital growth while exploring a staged development exit—either a dual-occupancy build or a Torrens-title subdivision—rather than seeking immediate owner-occupier amenity. The primary risk is the dwelling’s condition and 1990 purchase history, which may require capital outlay for rental income or holding costs before any development proceeds. The LMR zoning, while permissive, demands council feasibility checks on subdivision yields and infrastructure contributions, adding time and uncertainty. Commercially, the logic is clear: the land’s scarcity and zoning upside create a patient arbitrage. Hold the property as a land bank, fund a dual-occupancy project to lift equity, or sell to a developer once subdivision approval is secured.