A unique opportunity in Sydney’s real estate market has emerged with a tiny triangular parcel of land available for just $50,000. This block, located at 9 Anderson Street in the sought-after suburb of Neutral Bay on the Lower North Shore, is about 31 square metres in size—comparable to that of a small apartment or tiny home.
Despite its modest dimensions, the land boasts a prime location, just moments from the iconic Harbour Bridge and neighbouring a tennis court, making it a desirable piece of property in one of Sydney’s most attractive areas. The asking price significantly undercuts the average property value in Neutral Bay, which hovers around $3 million, presenting a rare chance for potential buyers.
However, prospective buyers should be mindful of a notable drawback: an electrical transformer box is positioned at the front of the lot, which could detract from its appeal. Currently listed with BresicWhitney, the property was previously designated as an easement/access site and is deemed to have untapped potential.
The listing suggests that interest is expected primarily from nearby residents, locals, or those searching for a distinctive investment opportunity. With such competitive pricing and the intriguing possibilities this small block presents, it is anticipated that this property may attract considerable attention, especially from neighbours or individuals looking to enhance their existing properties.