49 Evans Street, Sans Souci NSW 2219

Large original house on 776m² lot | Flood overlay present | Low building coverage for potential | Tightly held desirable pocket This property presents a clear opportunity based on its land size and low site coverage in a tightly held location. The 776 square metre block with only 14% building coverage is rare for the area and provides immediate development flexibility, whether for renovation, expansion, or a new build, subject to council approval. It serves a buyer seeking a long-term family home with future-proofing options or a developer eyeing a low-density infill project, supported by strong school catchments and modern utilities. The primary decision hinges on navigating the flood overlay, which introduces potential construction complexity and insurance costs. The single bathroom and original condition necessitate significant capital investment to modernise. The commercial logic is acquiring a large parcel below estimated value, with the cost being the effort to unlock its potential. This is a strategic hold for capital growth through development, not a passive investment. Recent sales on Evans Street show a wide price range, from a unit at $1.301 million to a house at $3.495 million, reflecting varied property types. This house’s guide sits below the premium sales, aligning with its original condition and single bathroom, but its larger land parcel provides a fundamental value basis that smaller or improved properties on the street do not offer.