Back 47 Freshwater Street
Off Market

47 Freshwater Street

Scarness QLD 4655

6240 m²
Land
John PrattJohn Pratt, last sold this property on 04 October 2022 after 141 days on market.

Overview

Prime Development Site Hervey Bay

Welcome to 47 Freshwater Street, Scarness Developers this is your opportunity to secure this 6420m2 block zoned MEDIUM DENSITY RESIDENTIAL which is just one block back from the Esplanade. Any plans to increase to a high density site would have to be discussed with council and any potential development would need to show cause as to why the increase was being sought. Directly opposite this site, is The Bay apartments & resort, which is a high density development. This large block of land is located right beside the local bowls club and within walking distance to the beach, cafes, bus stops, restaurants and an array of local shopping precincts all around the Esplanade. This site would lend itself perfectly to a combination of permanent and holiday accommodation to maximise your return on sale or holding the properties to rent. The Hervey Bay market is on the rise and vacancy rates are at an all time low - 0.8% vacancy rates for the first quarter of 2022 for permanent rentals and since 2020, the region has seen a staggering 20% in occupancy rates for holiday accommodation with the majority of outlets booked to capacity, especially during peak holiday times. Now, with international borders re-opening, there is a steady stream of interstate and intrastate migration and these numbers are predicted to get even tighter. For 5 years running, Hervey Bay is 1 of only 2 Queensland destinations ranking in the Top Ten Holiday Towns across Australia. There is room to spread out and connect with nature in a way that is impossible in the cities and being within 3 to 4 hours drive for 70% of the State's population, it continues to become even more popular as a destination that people head to not just for holidays, but consider as a permanent home. The pristine environment Hervey Bay is the perfect place to reboot for the weekend, week or month and Scarness and its surrounding suburbs of Torquay, Urangan and Pialba which have been favourite holiday destinations for domestic and international tourists for many years. Visitors enjoy the fantastic beachside bars, cafes, shops, restaurants and many attractions including the world famous K'Gari (formerly known as Fraser Island) and of course, Hervey Bay is internationally renowned for all of its whale watching ventures.

Features

6240 m² lot size
Land

Estimated Value

We need at least 3 similar land plots sold in Scarness over the last 12 months.

Property history for 47 Freshwater Street

2022
Sold
Undisclosed
04 Oct 2022 by John Pratt, of Yamba Realty Group Gympie
2011
Sold
Undisclosed
Auction Sale on 23 Sep 2011 by Glenn Fallon, of Ray White Hervey Bay

Happy sellers in Scarness

92%
92% of sellers in Scarness reported that their sale price either exceeded or met their price expectations.

Scarness stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 32 reviews in Scarness over the last 12 months.

Local market activity for land plots in Scarness

In the last 12 months, 2 land plots similar to 47 Freshwater Street, have been sold.

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