77 Showground Road, Castle Hill NSW 2154

R3 zoning risk | 1383sqm under one house | low rental yield | two metro stations within 2min walk The core tension here is between land value optimization and current building utility. This 1383 square metre site is zoned R3 which enables residential flat buildings or multi dwelling housing, yet it holds a single bedroom house yielding only $540 per week rent. A buyer paying $2.6 million faces a rental return near 1 percent, meaning holding costs will be substantial without development action. The location next to Castle Hill Metro and the Showground precinct makes this less about shelter and more about land banking. The correct posture is to treat this as a site assembly play with immediate passive hold costs. What sets this apart is scarcity of R3 zoned parcels larger than one thousand square metres within four hundred metres of a metro station in the Hills District. Ten car spaces and a high exposure frontage on Showground Road mean commercial feasibility for a small scale mixed use project or a dual occupancy scheme via complying development. This property suits a buyer prepared to manage council processes and carry holding costs for eighteen to twenty four months, not a first home owner seeking immediate amenity. The decision rests on whether you are buying land or buying a home. Comparable sales data is not available in the provided information, so a structured value table cannot be produced. Council approved land values in this corridor for equivalent R3 sites generally price at two thousand five hundred to three thousand dollars per square metre when serviced, which positions the implied land residual here toward the lower end of the range.