Renovate, Invest or Develop – R3 Zoned 891.6m²

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30 Wyong Street, Morisset NSW 2264

$680,000 - $740,000

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$680k - $714k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 892 m²

Listed: 6 days ago

Overview

Situated on a substantial 891.6 square metre block, this property presents a valuable proposition for renovators, investors, and developers seeking a well-positioned asset in Morisset. The existing four-bedroom residence offers a solid foundation with generous living and dining spaces, complemented by a kitchen thoughtfully placed for functionality. A separate bathroom and toilet enhance everyday convenience.

Notably, the property benefits from R3 Medium Density Residential zoning, unlocking potential for future development subject to council approval. This presents a rare chance to add significant value either through renovation or redevelopment.

Its proximity to Morisset town centre, essential amenities, the Morisset train station, and the M1 motorway ensures excellent connectivity and lifestyle convenience for occupants.

Four-bedroom residence providing ample living space
Generous 891.6m² land parcel
R3 zoning allowing for medium density development (subject to council consent)
Investment and renovation potential with substantial upside
Close to shopping, schools, transport and local services

This property is well suited for buyers aiming to renovate and create their ideal home, investors seeking a solid asset with development potential, or developers looking for a strategic site to explore medium density residential projects.

Local Market Insights

In Morisset, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $1,138,741. The property type mix of listed properties is predominantly Houses at 93%, followed by retirement properties (3%), and commercial properties (3%). The most active agency for houses in the Morisset area is currently Ellejayne Realty Pty Ltd, representing 22% of new listings, followed by Harcourts with 19%. 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.