3 Coleridge Street, Pymble NSW 2073

Cul de sac north facing | East side Pymble | 954sqm on high side | Only one bath 1970s plan | 16m roof height risk | 16 May auction The property presents a classic trade off between land position and dwelling utility. The 954sqm north facing block on a premier cul de sac commands a premium location premium, but the 184sqm single bathroom home with a 16m roof height introduces two cost risks. First, vertical servicing for a renovation or replacement on this high side site will run 20-30% above standard ground level builds. Second, a one bath configuration in this price bracket is a liquidity risk at resale. The opportunity is in the envelope: north rear aspect and east side street address allow for a substantial rear addition or a knockdown rebuild without sacrificing aspect. For a buyer seeking land banking or a long term family hold with an initial double digit stamp duty saving versus a completed home, this works. For a short term flip or a family needing two bathrooms immediately, the math does not pencil. What makes this competitive is the 954sqm north facing parcel on the high side of a named cul de sac in Pymbles east side. Comparable sales on Coleridge Street show a 3 bed 1 bath property at number 12 transacting at a 95% premium above this listings midpoint, confirming the street commands sustained demand. The 19% site coverage means 770sqm of usable garden and rear aspect, rare for a single dwelling lot. This serves a buyer who can wait 18-24 months for a renovation or who values the 16m roof height as a future second storey or attic conversion opportunity. Book a site inspection at 2 Turramurra Avenue to confirm fall and sewer position before the auction date.