First development site in rezoned North Strathfield precinct hits the market, with 6 homeowners
The first development site to come to the market as part of the Homebush transit- oriented development (TOD) rezoning that occurred last year in Sydney’s inner west is expected to generate strong buyer interest as it hits the market this week.
15 February 2025
The 3,564sq m site is an amalgamation of six neighbouring freehold houses at 9-19 Mena Street in North Strathfield.
Now Zoned R4 High Density Residential, the site has the potential for a high-density residential development with a gross floor area of 7,841sq m.
It is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Anthony Pirrottina, Demi Carigliano and Jeff Moxham in conjunction with Michael Murphy of McGrath Strathfield, working on behalf of the six homeowners.
Price expectations are in excess of $20 million.
Mr Pirrottina said the amalgamated development site was the first to come to the market since the Homebush TOD rezoning had taken place last year, and it would set a benchmark for the market.
“This development site is in a great location for a high-density residential development, being a short walk from Strathfield and Concord West Train Stations, as well as the George Street retail village,” he said.
“With the housing shortage persisting, there is high demand for more homes to be built in Sydney and we are also seeing strong appetite from developers for well-located residential development sites to provide that housing. “We believe a residential development on this site would be high sought after by end users.”
Mr Murphy said the North Strathfield development site was ideally positioned in a quiet setting overlooking Powells Creek and the Mason Park Wetlands.
“It’s rare for a raw development site to become available for sale in inner West Sydney, so we anticipate high levels of enquiry from developers during the campaign,” he said. “The site will have dual access, with a new road to be built along Powells Creek in addition to an upgrade to the existing foreshore walkway.”
The Expressions of Interest campaign for the property will close on Thursday, 6 March 2025 at 4:00pm (AEDT).
