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3 Lamond Drive, Turramurra NSW 2074

Expressions Of Interest Closing 3rd July

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$5.5M - $6.05M High Confidence Calculated based on strong search observations.

Development 995 m²

Listed: 9 days ago

Overview

This rare development opportunity at 3 Lamond Drive, Turramurra, represents a unique chance to secure a sizable 995sqm residential flat building (R4 High Density Residential) site, complete with secured development approval for 13 boutique sky homes. Situated in one of Sydney’s most coveted and tightly controlled residential markets, the property is optimally located within close proximity of Turramurra Village and Train Station, providing ease of access to essential amenities and transport links.

The site is particularly notable for its position within the Upper North Shore, recognised for its established owner-occupier market supported by prestigious schools such as Knox Grammar, Ravenswood, Abbotsleigh, and Pymble Ladies’ College. This educational hub underpins strong and sustained demand from families, professionals, and downsizers seeking premium, low-maintenance apartment living.

What sets this development apart is the balance between planning potential and market exclusivity: the property lies within the NSW Government's Low and Mid-Rise Housing precinct, allowing potential future uplift to an FSR of 2.2:1, fostering substantial growth possibilities. At the same time, Turramurra remains distinct from typical Transit Oriented Development precincts, maintaining its character and scarcity of apartment offerings, which supports robust value appreciation and market resilience.

The development approval mitigates typical planning risks and uncertainties, eliminating extended timelines and holding costs associated with securing permissions. This makes the site highly attractive for builder-developers aiming for a turnkey project in a supply-constrained precinct, with a proven profile of owner-occupier demand prioritising quality, lifestyle, and prestige.

Site area: 995sqm*
Development Approval for 13 boutique sky homes
Located within NSW Low and Mid-Rise Housing precinct offering potential for FSR uplift to 2.2:1
200m* to Turramurra Village and 250m* to Turramurra Train Station
Close to Sydney's premier schooling precincts driving long-term demand
Strong market fundamentals bolstered by constrained supply and desirable lifestyle attributes

This opportunity is uniquely suited for developers targeting a prestigious and well-supported residential market offering both immediate approved development scope and promising growth potential through planning controls.

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.