62 Rees James Road

Raymond Terrace NSW 2324

0 m²

8499 m²

Acreage Semi-Rural

Currently for sale - view listing

Overview

Inviting offers - Contact Agent

For Sale – Inviting offers An outstanding development opportunity awaits with this 8,499m² landholding zoned R2 Low Density Residential, ideally positioned backing directly onto the Potters Lane Estate cul-de-sac. This property offers significant potential for redevelopment, land banking, or subdivision (STCA), while generating rental income during the planning phase. The site currently includes a freestanding home and a granny flat, providing immediate holding income while Development Applications are prepared. Strategically located near several major infrastructure projects including the M1 Motorway Extension, Newcastle Airport Expansion, and the $850 million Kongsberg Defence development facility, the area is experiencing significant growth and increasing demand for residential housing. Property Highlights: 8,499m² landholding with multiple development possibilities (STCA) R2 Low Density Residential zoning Existing freestanding home plus granny flat Estimated rental return: $750 – $850 per week Power connected to the front of the block Water, sewer and NBN services available at the rear boundary (Potters Lane cul-de-sac) Potential direct access from Potters Lane Estate (Dairy Milk Drive) to the rear of the property Located in a quiet cul-de-sac position Location: 18 km to Newcastle Airport 30 km to Newcastle CBD 19 km to Maitland CBD This property represents a rare opportunity for developers, investors or land bankers to secure a substantial parcel in a rapidly growing corridor within the Hunter Region. Disclaimer: Whilst all information provided in the advertising of the property is to the best of our knowledge, it is supplied by third parties, we encourage all interested parties to carry out their own research prior to making and formal commitments.