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Overview
This offering represents an extraordinary development opportunity in St Ives, one of Sydney's highly sought after upper North Shore suburbs. The property composes a substantial consolidated landholding of approximately 2,180 square meters comprising two freehold sites located at 35 Putarri Avenue and 114 Rosedale Road.
Situated in a peaceful, leafy pocket with significant frontage of 59.50 meters to Putarri Avenue, this site benefits from a prime corner position with exposure to both Rosedale Road and Putarri Avenue. Its location supports excellent accessibility and convenience, with a bus stop directly at the doorstep and only around 600 meters to the vibrant St Ives Shopping Village. The site overlooks adjoining parkland and playgrounds, offering a leafy and tranquil environment that enhances lifestyle quality.
Currently zoned R2 Low Density Residential and benefitting from the NSW Government's Low and Mid-Rise Housing Reform, this property holds potential for density upgrades, opening possibilities for various premium residential developments. With a Development Application under assessment for an 18-luxury apartment scheme featuring three-storey design, secure basement parking, and an estimated potential sell-out value exceeding $40 million (subject to council approval), it provides a versatile foundation for future residential projects. The proposed mix includes one-bedroom, two-bedroom, three-bedroom residences, and oversized sub-penthouses with private rooftop gardens.
Ideal for developers and investors seeking a rare infill opportunity within a tightly held residential market, this property combines lifestyle convenience with long-term growth prospects. Nearby amenities such as leading public and private schools, golf courses, sporting fields, local parks, and comprehensive transportation links including proximity to Pymble Station augment its appeal. This site invites premium development possibilities, potentially suited to apartments, townhouses, or seniors living accommodation pending approval.
Local Market Insights
In Sydney - North Sydney And Hornsby, Quiet Listings observed 7 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $2,592,857. The property type mix of listed properties is predominantly Apartments at 41%, followed by houses (37%), and units (9%). The most active agency for land in the Sydney - North Sydney And Hornsby area is currently McGrath Estate Agents, representing 29% of new listings, followed by Belle Property with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
St Ives NSW 2075
