3 Lamond Drive, Turramurra

DA-approved Residential Flat Building opportunities in Turramurra trade exceptionally infrequently particularly at this scale and entry point. Positioned within one of Sydney's most tightly held residential markets, 3 Lamond Drive, Turramurra presents a rare opportunity to acquire a 995sqm* R4 High Density Residential site with Development Approval in place for 13 boutique sky homes.

Located just 200m* from Turramurra Village and 250m* from Turramurra Train Station, the site sits at the centre of the Upper North Shore's most established owner-occupier market underpinned by premium schooling, village amenity, transport connectivity, and long-term residential demand.

Importantly, unlike many emerging apartment markets across Sydney, Turramurra is not a TOD precinct. Instead, it remains a tightly controlled and highly desirable residential enclave where supply remains constrained and apartment development opportunities are limited. The result is a fundamentally stronger owner-occupier market driven by scarcity, prestige, and lifestyle appeal rather than volume uplift.

This is a precinct positioned at the epicentre of Sydney's leading educational and lifestyle amenities, surrounded by some of the city's most prestigious schools including Knox Grammar School, Ravenswood School for Girls, Abbotsleigh and Pymble Ladies' College which are the key drivers behind the depth and resilience of the local buyer demographic.

Why this site, and why now:
DA Approval secured - remove the uncertainty, holding costs, and extended timelines associated with planning approval pathways. The next step is Construction Certificate and delivery.

LMR upside potential - the property falls within the NSW Government's Low and Mid-Rise Housing precinct controls, permitting an FSR of 2.2:1 under the new framework, creating a future uplift pathway for incoming purchasers.
Supply-constrained market fundamentals - The Upper North Shore has historically remained one of Sydney's most tightly controlled apartment markets, with approved RFB sites rarely coming to market.
Proven owner-occupier demand - the local apartment market is primarily driven by downsizers, professionals, and established Upper North Shore families seeking premium low-maintenance living close to schools, retail, and transport.
Blue-chip location without TOD exposure - a rare combination of planning upside while retaining the character, exclusivity, and low-density appeal that continues to underpin value growth across the Upper North Shore.
Site Summary:
995sqm* R4 High Density Residential
DA approved for 13 boutique sky homes
Located within NSW Low and Mid-Rise Housing precinct
Potential 2.2:1 FSR uplift under new State controls
200m* to Turramurra Village
250m* to Turramurra Train Station
Positioned amongst Sydney's premier schooling precinct
Strong owner-occupier apartment market with limited competing supply
For builder-developers seeking an entry into the tightly held Upper North Shore apartment market, this is a genuine turnkey development opportunity and an approved boutique scheme in one of Sydney's most proven and supply-constrained residential precincts.
Inspections by appointment. Information Memorandum available on request.