37-39 Brunskill Avenue Forest Hill NSW 2651

Vacant R1 zoned land | 3,920 m² | concept plans for 8 units | RAAF Base demand driver This parcel is one of the larger undeveloped residential sites in Forest Hill, offering a rare configuration edge: a 41-metre frontage and enough area to support at least eight to ten dwellings under current controls. For a buyer positioned to develop, the key feature is the concept plan for eight two-bedroom units, which de-risks feasibility work and shortens the path to council submission. The property suits a developer or investor with medium-density experience who can move quickly while the RAAF Base redevelopment, due in 2031, tightens local supply. The location near supermarket and parkland adds rental appeal for future units. The primary risk is the absence of approved plans, meaning council consent timelines and conditions remain unknown, and the buyer must absorb due diligence costs. The $565,000 asking price sits above Domain and property.com.au estimates, so a buyer should negotiate toward the $530,000–$558,000 range to preserve margin. Annual council rates near $21,000 are a material holding cost if development is delayed. The opportunity lies in securing a site with scale in a growth corridor before the RAAF Base demand materialises. Hold as vacant land only if you can carry the rates; otherwise, progress to development approval within six months.