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72-80 Close Street
Parkes NSW 2870

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DEVELOPMENT OPPORTUNITY IN PROSPERING PARKES, NSW

* 9 house blocks
* Existing DA approval for land, housing & subdivision
* Fully serviced and installed with power, water, sewer & Telstra
* Community title development lots with access to common parking areas
* Two lots facing Close Street with the remaining in cul-de-sac location
* Has the DA approval for 18 duplex blocks
Parkes, in the Central West of NSW, is quickly becoming the place where our community is growing with many new families and workers moving to our region. The $10 billion Inland Rail connecting Brisbane to Melbourne will intersect in one place…and that is Parkes, which is creating great interest in Parkes real estate. With the Rail Precinct works still in progress, Parkes is set to grow in population with the scope of new industrial enterprise expressing interest in our lovely, rural town. Expressions of Interest are invited for the purchase of these developed blocks of land, which are ready to build on to expand your investment portfolio.
Expressions of interest - Don't miss out on the opportunity to invest in this parcel of land, and growing town.
Motivated Vendor, considering all genuine offers.

Property Details for 72-80 Close St, Parkes

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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 6,875 properties. Over the last 5 years, Houses in Parkes have seen a 57.18% increase in median value, while Units have seen a 53.39% increase. As at 31 July 2024:

  • The median value for Houses in Parkes is $376,319 while the median value for Units is $354,321.
  • Houses have a median rent of $420 while Units have a median rent of $265.
There are currently 94 properties listed for sale, and 25 properties listed for rent in Parkes on OnTheHouse. According to CoreLogic's data, 259 properties were sold in the past 12 months in Parkes.

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Greg Miller
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Renee Rice
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Raine & Horne Parkes
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