4 Church Street, Blakehurst NSW 2221

4 Church Street, Blakehurst | full-brick character on 885sqm | DA-approved dual-occupancy subdivision | elevated street position | rare configuration edge This property offers a buyer something increasingly scarce in the lower north shore fringe: a full-brick character home on an 885-square-metre block with an approved DA for two luxury freestanding residences. The existing house itself is liveable and well-served by formal and informal zones, a gas fireplace, and a large yard with a cubby and pergola, but the real competitive strength lies in the subdivision approval. For a buyer willing to hold and develop, this removes the typical 12- to 18-month DA risk and cost. The elevated street position on Church Street, one of Blakehurst’s better addresses, supports the premium end of the local market. This property suits a buyer with medium-term capital who wants to move in, then build two high-spec homes with lift access, pools, and basement parking when timing suits. The primary risk is execution cost: three-level construction with lifts and pools on a subdivided site is capital-intensive, and the current house’s character features may not appeal to a pure landbank buyer. The approved DA constrains flexibility,if the design doesn’t match a buyer’s vision, variation costs add up. The local market median for four-bedroom houses sits at $1.85 million, so the entry price here sits well above that, reflecting the subdivision premium. Opportunity lies in the dual-income potential: hold the existing house, rent it out, and develop later. The property should be held as a medium-term development site or upgraded and sold as a single prestige residence if the DA lapses.