The Astute Buyer (if you’re reading this, that means you!) will see this for exactly what it is: A flawless lifestyle home today, complete with a massive first-floor attic expansion and an absolute, state-mandated R3 redevelopment goldmine, where your due diligence simply confirms the undeniable future windfall.

The NSW Government’s Low and Mid-Rise (LMR) housing re-zoning laws have created a once-in-a-generation wealth-creation event (further & better particulars after the full property description below).

With NSW Govt. Planning Minister Paul Scully, explicitly targeting Sydney's exclusive Eastern Suburbs for higher density, this property sits directly in the crosshairs of an unprecedented developer windfall.

There are a strictly limited number of homes that sit within the crucial, ultra-tight 400-metre radius of the Bondi Junction Town Centre Precinct. Even fewer properties are wholly detached or semi-detached offerings, which represent even greater stand alone or more easily amalgamated development opportunities.

Boasting rare, highly coveted rear-lane access from Donald Place, 178 Birrell Street stands as the perfect, high-leverage linchpin site for such lucrative development. The house is not under any heritage listing or heritage area zoning.

This exact LMR framework is already doubling property values across Sydney. As highlighted in a recent blockbuster report by realestate.com.au, an Eastern Suburbs vendor who "couldn’t get a nibble at $8m" for nine months, instantly turned around and sold their humble property for a staggering $16 million once the LMR developer knock came!

Character Sophistication Today offering Immediate Premium Liveability or Right-Now Rental Cash-Flow: With Luxury Penthouse Potential Tomorrow!

While you wait for developers, as they increasingly realise that Eastern Suburbs local councils are losing objections to LMR developments (details available on request), to inevitably knock with a life-changing offer, you can live in or rent out this exceptional, highly liveable example of a solid 1900’s Federation-style home. Seamlessly combining classic cottage charm with timeless character, the home features:

Sun-Drenched Living: A private, north-facing rear aspect that drenches the property in natural light.

Soaring Ceilings: Over 3.2 metres in height!

Seamless Entertaining: A premium kitchen with fully moveable island bench and quality appliances that flows effortlessly out through French doors to a private, sunlit alfresco courtyard.

Unlike a typical 2-bedroom cottage, 178 Birrell Street features a massive, professionally converted attic retreat area, delivered by industry leader, The Attic Group. Currently accessed by an extra heavy-duty ladder system which atop, is greeted by a premium North-facing Velux window, bathing the entire space in natural light and finished with high-quality, practical wall panelling, this space represents an immediate equity-upside play. Immediately usable as a huge (& stunning) storage capacity, the footprint is already fully staged to prove its massive 3rd-bedroom capability. For an owner-occupier or investor, adding permanent stairs is a low-cost, high-return execution that instantly transforms the home into a high-value 3-bedroom asset (STCA), turning the space into another bedroom (or 2), a home office, or state-of-the-art home theatre room, thus vastly outperforming local market competition all while you await developer amalgamation.

Premium Storage: Both bedrooms feature generous, deep, floor-to-ceiling (3.2m+) built-in wardrobes.

Pet-Friendly Layout: Private alfresco courtyard extends and wraps around almost the entire property.

Rear Lane Access (RLA): Highly desirable rear lane access providing secondary site entry.

Strategic Location: Perfectly positioned on the Queens Park/Bondi Junction border, balancing the tranquility of the park with the hustle-bustle of the Junction.

Unmatched Transit: Effortless multi-optioned public transportation access to Sydney CBD, Sydney Airport and the world-class Eastern Suburbs beaches just minutes away.



Future multi-storey redevelopment of this site will unlock truly spectacular, elevated panoramic views. Looking east toward the world-famous Eastern Suburbs beaches, and South directly over the rolling green hills of Queens Park, located just an effortless 4-5 minute stroll from your front door (drone footage of precise current views in hand and available once completed on request).

It's an exciting opportunity available right now and the current vendor is happy to sell at minimal monetary realisation but as time moves on and the prospect of development opportunity is better realised, expect the price to rise substantially.

The R3 Zoning Windfall: The existing new zoning applicable right away! LMR planning rules immediately unlocking a 28.6-metre height limit and a 2.86 Floor Space Ratio (FSR) with no minimum lot size or width restrictions! Since 178 Birrell St sits within the prescribed 400 metres of the Bondi Junction Town Centre Precinct Boundary Line, Local Council laws with restrictive set back and solar shadow requirements are irrelevant to a development under the new State LMR laws. There are also additional advantageous considerations in relation to parking requirements.

Waverley Council’s own official website acknowledges these facts: https://www.waverley.nsw.gov.au/planning/design/low_and_mid_rise_housing_reforms

In addition, Waverley Council has mandatory state allocated housing targets, all adding to the inevitability of higher density housing becoming the reality within 400 metres of the town centre precinct of Bondi Junction!

More information on request and open for inspection strictly by private appointment only.