FOR SALE
Guide $595,000 - $ 654,500

113-119 Mitchell Street
Parkes NSW 2870

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
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Development Block with Existing Dwelling For Auction

Unlock the potential of 113-119 Mitchell Street, a premier development opportunity spanning approximately 8,019 sqm in the thriving heart of Parkes. This versatile property currently features a spacious 3 or 4 bedroom home boasting formal lounge and dining areas a second shower in the laundry and a convenient single carport-all serviced by town water.
Key Features:
• Zoning: R1 - General Residential, offering flexibility for various residential developments.
• Subdividing Potential: Exciting possibility to subdivide into 9 blocks (subject to council approval), with individual lot sizes ranging from 650 sqm to 805 sqm.
• Income Stream: Currently tenanted, providing an immediate return on investment while you plan your next move.
• Location: Situated in Parkes, an area on the map for predicted growth, ensuring long-term value and demand.
• This property presents a unique blend of immediate income and substantial development potential, making it an ideal investment for savvy buyers looking to capitalise on Parkes' upward trajectory.
Don't miss out on this exceptional chance! Contact our office today to arrange your private inspection and discover more about this outstanding opportunity.

Property Details for 113-119 Mitchell St, Parkes

113-119 Mitchell St, Parkes is a 3 bedroom, 1 bathroom House with 2 parking spaces. The place is currently for sale with Ray White Parkes.

Building Type
House

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About Parkes 2870

The size of Parkes is approximately 975 square kilometres. It has 38 parks covering nearly 12% of total area. The population of Parkes in 2011 was 11,265 people. By 2016 the population was 11,421 showing a population growth of 1.4% in the area during that time. The predominant age group in Parkes is 0-9 years. Households in Parkes are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parkes work in a trades occupation. In 2011, 65.4% of the homes in Parkes were owner-occupied compared with 64.6% in 2016.

Parkes has 6,851 properties. Over the last 5 years, Houses in Parkes have seen a 69.02% increase in median value, while Units have seen a 31.68% increase. As at 31 December 2024:

  • The median value for Houses in Parkes is $415,221 while the median value for Units is $292,589.
  • Houses have a median rent of $430 while Units have a median rent of $290.
There are currently 82 properties listed for sale, and 26 properties listed for rent in Parkes on OnTheHouse. According to CoreLogic's data, 260 properties were sold in the past 12 months in Parkes.

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Ray White Parkes
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