This unique, large parcel comprises of two individual lots on 3,754 m2, or almost an acre block, and represents a fantastic opportunity for an astute investor or builder to walk into an income producing property with subdivision potential.
Comprising of two dwellings, both council approved, they are both leased to long term tenants who wish to remain.
The first home has three bedrooms, kitchen, lounge, bathroom, air conditioning, and wood-burning fireplace. The second residence is self-contained with a combined lounge/bedroom, and kitchen and bathroom.
Multiple sheds and buildings offer storage and the block is flat with wide front access and vacant land to the rear.
Utilize this opportunity to invest in a suburb that has a strong housing demand, has a tightly held rental market, and is a growing area with new enterprise, business and infrastructure being approved. South Kempsey is growing quickly but still represents great value with median prices consistently climbing.
With close proximity to Crescent Head, South West Rocks and Hat Had beaches and with Port Macquarie and Coffs Harbour only a short commute away this investment ticks all the boxes.
Zoned R1 (General Residential) this parcel is ideal for potential redevelopment into two separate homes, villas, units, or a large home on a substantial sized block (STCA), you can land bank this land whilst still deriving an investment income from it.
The potential to reap the rewards in strong and this property won't last.
Features include: Air Conditioning,Close to Transport,Close to Shops,Open Fire Place,Close to Schools
Inspections
No open inspections scheduled.
Send an enquiry
Contact Lizzy Howard to learn more about this property, request an inspection or take an online tour.
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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.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
28 Mar 2024
Sold
Harcourts The Rocks
Listed: 19/01/2024
Block size: 3754m²
Transfer type: Full transfer
South Kempsey suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
44 years
Population
2,604
Listing ID: 182231309. This listing has been viewed 34 times. It was first displayed on 19/01/2024 and last updated on 28/03/2024.
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.