65 Neville Street, Smithfield NSW 2164

910m² block with 20m frontage | 25% building coverage | subdivision-ready zoning | 3-phase power for development This property presents a rare configuration edge: a 910m² block with only 25% building coverage, leaving over 680m² of undeveloped land. For a buyer seeking positional leverage, the 20m frontage and existing 3-phase power box materially reduce the cost and complexity of a two-lot subdivision, subject to council approval. The house itself—four bedrooms with floorboards and an open fireplace—is functional but secondary; the primary value lies in the land’s latent density. This property best suits a buyer with medium-term development intent or a family wanting to hold a large block in a catchment with Smithfield Public and Prairiewood High, where land supply is constrained. The key risk is council approval timing and cost, which can delay returns by 12–18 months and erode margin if not factored into the purchase price. No flood, bushfire, or heritage overlays reduce regulatory friction, but subdivision feasibility should be verified with a town planner before exchange. The opportunity is clear: hold the existing house for rental income—estimated at $855 per week—while progressing a DA, then sell or build on the subdivided lot. The plain logic: buy for the land, rent the house, and unlock the second lot when the market cycles.