61 Manning Street, Tuncurry NSW 2428

R3 zoning | central Tuncurry location | 613sqm block | dual-living layout potential The zoning is the primary advantage here. R3 Medium Density Residential on a 613sqm block in central Tuncurry gives a buyer positional leverage that standard residential zoning cannot match. The open-plan layout, main bedroom with ensuite, and internal laundry with mudroom option serve owner-occupiers well, but the configuration also supports a future subdivision or townhouse development play. This property suits an investor or buyer looking to hold for medium-term uplift, as the zoning flexibility reduces reliance on general market appreciation. The risk is that the current house is a standard 3-bedroom dwelling on a block that invites redevelopment,meaning the buyer pays a premium for land value without immediate income upside from a higher-density use. The 8% appreciation since 2022 is modest, and the property’s return to market may signal a soft price ceiling at current configuration. Opportunity lies in holding for zoning realisation or undertaking a modest renovation to lift rental yield before development. Use this property as a land bank with interim rental income.