FOR SALE
Expressions of Interest

3 Memory Avenue
Crookwell NSW 2583

Bedrooms: -
Bathrooms: -
Car spaces: 4
Land area: 5ac
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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.
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Property Details for 3 Memory Ave, Crookwell

Building Type
Commercial
Land Size
5ac

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About Crookwell 2583

The size of Crookwell is approximately 207.4 square kilometres. It has 14 parks covering nearly 0.9% of total area. The population of Crookwell in 2011 was 2,507 people. By 2016 the population was 2,633 showing a population growth of 5.0% in the area during that time. The predominant age group in Crookwell is 50-59 years. Households in Crookwell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Crookwell work in a trades occupation. In 2011, 77.7% of the homes in Crookwell were owner-occupied compared with 74.4% in 2016.

Crookwell has 1,846 properties.

    There are currently 10 properties listed for sale, and 3 properties listed for rent in Crookwell on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Crookwell.

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