9 Bellombi Street, Campsie NSW 2194

Large 673sqm block | flood overlay flagged | renovator or redevelopment play | Campsie growth corridor This property offers a rare combination of a 673sqm parcel with only 29% building coverage, meaning the buyer is acquiring significant undeveloped land in a suburb seeing 6.3% growth. The single-level brick home on a 5m ground elevation provides a blank canvas for renovation or future subdivision potential, which is the primary competitive edge here. It suits buyers with medium-term horizons who want to add value through capital works rather than immediate occupation, and the four car spaces and FTTP connectivity are practical bonuses for families or investors. The flood overlay is the material risk, it will constrain redevelopment options and may increase insurance costs, so a geotechnical report and council pre-application meeting are non-negotiable before bidding. The 2023 sale at $1.455m suggests the current asking range reflects land appreciation rather than structural improvements, meaning the buyer pays for location and potential, not finishes. Hold this property for three to five years, renovate the existing dwelling to lift rental yield above 2.6%, then reassess subdivision feasibility once flood mitigation requirements are clarified.