A minuscule 31 sqm triangular plot in Neutral Bay is attracting attention for its eye-catching price tag of just $60,000 – a fraction of the typical $3 million property cost.
Located at 9 Anderson Street, this postage stamp-sized parcel sits in the prestigious Lower North Shore area, with Sydney Harbour Bridge nearby and adjacent to a tennis court. The plot, formerly used as an easement or access site, is being marketed by BresicWhitney with an initial asking price of $50,000 that has since increased to $60,000.
The bargain price comes with significant limitations, however. Not only is the land barely large enough for a tiny home, but it also features an electrical transformer box at the front of the property, severely restricting development options.
Real estate agents expect interest primarily from neighbouring property owners looking to expand their footprint or from investors seeking an unusual opportunity in Sydney’s premium real estate market. The listing emphasises this as a rare chance to acquire land in an area where such opportunities “likely won’t be available again for some time.”
For context, the plot’s $60,000 price tag represents just 2% of Neutral Bay’s average property value, making it an intriguing, if challenging, real estate proposition in one of Australia’s most expensive markets.
Published 23-March-2025