Expressions of Interest
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3 Memory Avenue, Crookwell NSW 2583

House
424
Block size: 2.02 Hectares approx.

Exciting Investment Opportunity!

Prime Location with Immense Potential

Discover an unparalleled investment opportunity in a rapidly growing area! This exceptional 5 acre property offers subdivision potential with a proposed plan for 24 generously sized lots ranging from 800m2 to 2000m2. Nestled in an elevated position, this land boasts minimal development costs and is surrounded by other new properties and subdivision developments, making it a prime location for investors and home buyers alike.

Currently, the property features a spacious 4-bedroom, 2-bathroom transportable home, perfect for immediate rental income or comfortable living while you plan your development. The home is equipped with a cozy wood fire and a reverse cycle split system to ensure year-round comfort. Additionally, it includes a 3-car garage and an extra carport, providing ample storage and parking space.

The existing home is estimated to rent for approximately $450-$480 per week, offering a steady income stream while you navigate the subdivision process. This makes it an ideal choice for investors looking for a property with both immediate and long-term returns.

Investment Highlights

· Expansive 5 acre parcel

· Proposed 24 lots ranging from 800m2 to 2000m2.

· Blocks are estimated to retail between $275,000 and $350,000.

· Close to other new properties and subdivision developments.

· 4 bedrooms, 2 bathrooms, wood fire, reverse cycle split system.

· 3-car garage and additional carport.

· Potential rental income of $450-$480 per week.

· Elevated position with cost-effective development opportunities.

Perfect for Investors and Home Buyers

Whether you are an investor looking to capitalise on a booming market or a home buyer seeking a property with more space and future growth potential, this listing is an exceptional opportunity. The combination of subdivision potential, attractive rental income, and prime location makes this property a standout choice.

Don't miss out on this unique chance to secure a valuable asset in a thriving community. Contact us today to arrange a viewing and explore the endless possibilities this property has to offer!
nbn® Fibre to the Node (FTTN) is available in this property
Max wholesale speed tier available: nbn® Home Fast

Inspections

No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.

Send an enquiry

Contact Jess Grashorn to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
4
Bathrooms:
2
Garage Spaces:
4
Property type:
House
Block Size:
2.02 Hectares*

Other Details

Lot:
2
Plan Type:
DP
Plan:
702788
Legal description:
2/702788
nbn® availability:
nbn® Fibre to the Node (FTTN)
Ray White Goulburn

Maps and area information

Block information
Block size: 2.02Hectares (approx)
Legal description: 2/702788
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Sorry, overlays are not available for this address
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

What's nearby

Crookwell District HHospital
2km

Property history

We couldn't find any history for this property.
See Crookwell's suburb profile

Crookwell suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
54 years
Population
2,686
Listing ID: 182590165. This listing has been viewed 83 times. It was first displayed on 11/06/2024 and last updated on 12/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.