28 Marsden Street, Parramatta NSW 2150

East-facing 506m² R4 lot | three-bedroom house | no overlays | 900m to Westfield This property presents a strong development canvas, its primary value lying in the 506m² parcel zoned for high-density residential use within walking distance of Parramatta’s core. The absence of heritage, flood, or bushfire overlays significantly reduces approval complexity for a future multi-unit project, while the existing house provides holding income. It serves the strategic land banker or developer most directly, with its wide frontage and total lot size being competitively rare for an R4-zoned holding so close to the CBD. The commercial logic requires acting on the zoning potential; holding it solely as a single rental yields a poor ~2.6% return against the capital outlay. The key cost is the premium priced for the development option, which must be validated through a feasibility study against current construction costs and sales rates. Proceed with an unconditional purchase only after a Propcred report confirms the true as-is valuation, scrutinises locality-specific planning risks, and provides the due diligence checklist to secure both project approval and end-product insurance.