9 Citrus Avenue, Hornsby NSW 2077

Large land parcel in R3 zone | Flood overlay present | Conflicting dwelling type data | Strong school & transport proximity This property presents a compelling opportunity based on its underlying land value and zoning. The 924m² block in an R3 Medium Density zone, with a documented potential for multi-dwelling development alongside the adjacent lot, offers a strategic land bank rarely available in this central Hornsby location. Its walking-distance proximity to high-performing schools, retail, and major transport links creates inherent demand from both families and developers. The configuration inconsistencies across listings suggest a possible dual-key or granny flat arrangement, which, if verified, would provide immediate rental yield alongside the capital growth play. Proceed with a disciplined due diligence process that directly costs the flood overlay risk through specialist insurance quotes and a flood study, as this impacts both holding costs and future development feasibility. The commercial logic rests on either holding a large family home with subdivision potential or pursuing a townhouse project, making it suitable for a buyer with a five to ten-year horizon. Acquire it strictly as a land value proposition, discounting the existing improvements due to their conflicting descriptions and the identified flood risk, and structure any offer conditional on a favourable planning review.