An exceptional opportunity in the heart of Morisset – 77 Yambo Street offers outstanding development potential with its R3 Medium Density Residential zoning, rear lane access, and prime location.
Set on a gently undulating 1,012m² parcel with a wide 20-metre frontage, this property is ideally suited for townhouse development. Neighbouring sites of similar size and frontage have already been successfully developed with up to five townhouses, providing a strong precedent and a clear pathway forward.
The existing brick and tile residence features three bedrooms, a spacious living area, and a single garage - with a potential rental return of approximately $600 per week. At the rear, a 10m x 8m (approx.) shed with rear lane access adds further value, offering scope for conversion into a secondary income stream or self-contained dwelling. Depending on the level of finish, this space could achieve a rental return of up to $450 per week.
Importantly, the property is located within 800 metres of Morisset Train Station, placing it inside the NSW Government's Transport Oriented Development (TOD) zone - unlocking even greater flexibility and uplift potential under the State's new planning reforms.
Whether you're an experienced developer, savvy investor, or strategic land banker, this is a rare opportunity to secure a premium site with holding income and exceptional long-term value.
For further details or to arrange a private discussion, contact Matthew Wilson 0407 705 544 or Tom Gregg 0427 705 022.
