Peacefully tucked away in a "battle-axe" block behind townhouse developments, this property offers privacy, tranquility and quiet leafy surrounds. With scope to renovate or re-develop (subject to council approval), this four bedroom, 2 bathroom home is the last of it's kind on Busaco Road. Conveniently located just a short walk to Macquarie University & Macquarie Shopping Centre. Sought after Cheltham Girls High School and Epping Boys High School catchment location. Zoned R4 High density, approximately 854sqm, this land is prime for future re-development. Approx. 15mins walk to Macquarie University this under-capitalised plot of land can be redevelopment such as units, townhouses or a 'New Generation' boarding house/ student accommodation (Subject to council approval). The current 4 bedroom, 2 bathroom home with Double lock-up garage & In-ground pool whilst in need of love and care, can be easily renovated to a beautiful family home. Key development Highlights R4 High Density residential zoning Floor to space ratio 1:1 Site area (approx.) 854sqm Max Building height: 9.5 metres Further potential of bonus FSR of 0.5:1 under Affordable Housing SEPP (Total FSR of 1.5:1 on the site after the bonus is applied yields a GFA 1,281sqm) For more information, visit the NSW government website via the link below: https://www.facs.nsw.gov.au/providers/housing/affordable/develop/chapters/floor-space-incentives Land tax exemption also available for boarding house developments.