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7 School Street
Port Macquarie NSW 2444

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 512m2
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Perivola – Luxury Living Development Opportunity

Prime Location | Luxurious Design Concept | Exceptional Investment Potential
An exclusive development opportunity in the heart of Port Macquarie's CBD at 7 School Street.
Perivola, Greek for Garden, this architecturally designed, garden-tiered concept living offers breathtaking water views and serviced apartment-style luxury.
This unique property, with an existing charming 1950s home, is set for transformation into a luxurious residential complex with development application in final stages.
These three penthouse-style apartments, each covering 164 sqm, offer versatile and customizable living spaces, making them perfect for shared ownership between three investors or owners. This presents a unique lifestyle investment opportunity: build all three apartments, keep one for personal use, and generate rental income from the others. It combines luxury living with solid investment potential. The development plans include premium amenities such as car spaces, a lap pool, a gym, storage bays, and more, ensuring convenience and modern comforts. Feasibility studies are available to tailor the project to your investment objectives.
Port Macquarie, one of the fastest-growing areas on the NSW Mid North Coast, is projected to see its population rise from 81,000 in 2017 to 104,000 by 2036. This growth is driven by the area's appealing coastal lifestyle, strong economic development, and expanding urbanisation. With its well-developed infrastructure, growing employment opportunities, and high quality of life, the region is an ideal location for investment, particularly in residential and commercial projects. As demand for luxury living continues to rise, Port Macquarie presents a promising opportunity for long-term growth and returns.
Property Features:
- R3 Medium Density Residential zoning, 17.5m height limit – ideal for development.
- 1950s four-bedroom home in the vibrant CBD with growth potential.
- Hardwood floors, air-conditioning, and separate entertainment pavilion.
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Property Details for 7 School St, Port Macquarie

7 School St, Port Macquarie is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 512m2. The place is currently for sale with Elders Real Estate Port Macquarie.

Building Type
House
Land Size
512m2

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About Port Macquarie 2444

The size of Port Macquarie is approximately 54.2 square kilometres. It has 61 parks covering nearly 17.2% of total area. The population of Port Macquarie in 2011 was 41,491 people. By 2016 the population was 44,857 showing a population growth of 8.1% in the area during that time. The predominant age group in Port Macquarie is 60-69 years. Households in Port Macquarie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Macquarie work in a professional occupation. In 2011, 64.9% of the homes in Port Macquarie were owner-occupied compared with 64% in 2016.

Port Macquarie has 28,828 properties. Over the last 5 years, Houses in Port Macquarie have seen a 50.17% increase in median value, while Units have seen a 60.30% increase. As at 30 November 2024:

  • The median value for Houses in Port Macquarie is $878,042 while the median value for Units is $606,792.
  • Houses have a median rent of $620 while Units have a median rent of $480.
There are currently 169 properties listed for sale, and 97 properties listed for rent in Port macquarie on OnTheHouse. According to CoreLogic's data, 1151 properties were sold in the past 12 months in Port macquarie.

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Adam Holborow
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Peter Shiplee
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Elders Real Estate Port Macquarie
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