52 Grimson Cres, Liverpool NSW 2170

corner block | R3 zoning | 746sqm | redevelopment upside This property’s primary buying case rests on its corner-block configuration within R3 medium-density zoning, a combination that is genuinely scarce in this part of Liverpool. For a buyer willing to hold through council approvals, the land envelope supports duplex or multi-unit outcomes that most standard residential lots on this street cannot match. The existing cottage is functionally obsolete and should be valued at land rate only; the house adds no competitive advantage and is best treated as a demolition candidate from day one. This suits an experienced developer or an investor with a medium-term horizon who can manage the DA process and carry costs through approval. Flood detection on the title is the most material risk here, and it will constrain both redevelopment yield and exit liquidity until a council-compliant engineering solution is costed and approved. Buyers should commission a flood impact assessment before exchange and factor a six- to twelve-month approval buffer into their timeline. The street profile shows high owner-occupancy and low turnover, which supports price stability but also means limited distressed supply. Hold this property for the zoning uplift, not the rental return; the existing rental yield is incidental. A clean DA for a duplex is the only credible path to value creation.