A rare and ready-to-build development opportunity is now available at 67 Norma Crescent, Knoxfield - a substantial 1,095m
(approx.) block with full Town Planning Permit approved for three large stand-alone homes.
Sites of this size with completed permits, prepared reports and an existing rental income are becoming extremely hard to find. The long and uncertain council approval process has already been completed, allowing the next owner to move straight toward building permit and construction.
Whether you are a developer, builder or long-term investor, this is a genuine shovel-ready project offering certainty, flexibility and strong resale potential.
- Existing home currently leased providing holding income
Avoid planning delays, consultant costs and approval risks - simply take over a fully documented project and progress toward construction.
Current Rental Income: Approx. $2,672 per month ($32,064 per year)
Existing Dwelling: Currently leased until September 2026
This is not future potential - approvals are already secured.
The endorsed plans allow construction of three spacious double-storey homes designed for owner-occupiers rather than small investor units. This improves resale value, buyer demand and long-term rental appeal.
These house-style townhomes perfectly suit the growing Knoxfield family market.
Generous proportions provide privacy, street presence and strong resale appeal.
- Extensive documentation already prepared and available
All major development requirements have already been addressed, significantly reducing risk and improving finance feasibility.
The approved design meets modern environmental standards and buyer expectations:
These features increase buyer appeal and lower running costs.
The existing dwelling provides immediate holding income while organising construction.
Ideal for developers wanting time to organise finance and builders wanting staged construction.
- Soil testing suitable for double-storey dwellings
This helps reduce unknown construction risks and unexpected costs.
Knoxfield continues to experience strong demand from families and owner-occupiers thanks to its lifestyle and connectivity.
- Westfield Knox Shopping Centre (approx. 5 minutes)
A proven family-friendly suburb supporting resale value.
Large modern 4-bedroom homes in Knoxfield consistently attract:
Standalone homes typically outperform smaller attached townhouses in both rental and resale performance.
Construct three homes and sell individually for profit.
Most development sites require years of work - this one is ready now.
Permit-approved sites of this scale in Knoxfield are increasingly scarce. Rising land values and stricter planning controls make projects like this difficult to secure.
