Back Lot 1 North Street
Off Market

Lot 1 North Street

West Kempsey NSW 2440

2.69 ha.
Land
Kelly FlanaganKelly Flanagan, last sold this property on 17 March 2021 after 422 days on market.

Overview

Approved Residential & Commenced Subdivision - Have Up To 31 Blocks or Have Less - 2.69Ha. (6.65Ac)

Now this is something very special. This is an opportunity not just for the professional investor/developer but even for the mum and dad investors that what a place to build a home yet have something tucked up their sleeve for later on - this one has already had a Development Application for 31 blocks approved by council. However, if you wish to sub-divide into fewer blocks for ease of costings, well you can do that too. So, have this block all to yourself or sub-divide and develop. The current owners have done all the hard work with Council and paid for all the contributions and reports. So, just get on with building. The brief: - A lovely gentle NE facing block with a massive 277m approx. tar road frontage. - Town water, power, sewer all there, nearby. - Zoned RU2 Rural Landscape yet approved for (31 Lot) residential sub-division. - Kempsey Shire Council acknowledge that works have commenced - so you have unlimited time to complete the subdivision and may do it in stages if you like. - Save many tens of thousands in DA costs. - Do 31 blocks or do less - it's up to you. "With very limited land available in Kempsey for future development - this is a very sensible priced investment into your future wealth. Please call any day, anytime to discuss.

Features

2.69 ha. lot size
Land

Estimated Value

Based on this property and similar land plots sold in West Kempsey over the last 12 months, the estimated median property value of Lot 1 North Street is $135k.

Median value
$135k
Estimated value range
$62.5k - $180k
Median days on market
163
Estimated value trend
-16%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in West Kempsey. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for Lot 1 North Street

2021
Sold
Undisclosed
17 Mar 2021 by Kelly Flanagan, of Kelly Flanagan Real Estate

Happy sellers in West Kempsey

91%
91% of sellers in West Kempsey reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 13 reviews in West Kempsey over the last 12 months.

Local market activity for land plots in West Kempsey

In the last 12 months, 6 land plots similar to Lot 1 North Street, have been sold.

This represents a 500% decrease in land plots sales when compared to the previous 12 months.

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