FOR SALE
$520,000

24 Purcell Street
Portland NSW 2847

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2.04ha
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Portland opportunity - subdivision possibility!

Situated in the vibrant locale of Portland, New South Wales, this 5 acre property presents an exceptional opportunity for developers keen on land subdivision ventures. The property boasts a generous land parcel with ample potential for subdivision, offering lucrative prospects for residential development alternative you can keep the property as is and build your dream home.
The property is zoned R5 large lot residential, ensuring compliance with local regulations and planning requirements developers can navigate the subdivision process smoothly, leveraging the existing zoning regulations to optimize land utilization and maximize returns on investment.
Portland's growing population and thriving real estate market contribute to robust demand for residential properties. Developers can capitalize on this demand by delivering well-designed, market-oriented housing solutions tailored to meet the evolving needs of homebuyers or investors.
Please contact our office for further information 02 6352 2442.
Disclaimer: HR Realtors & Lifestyle Property Specialists believe that all information contained herein be true & correct to the best of our ability & in no way misleading; however, all interested parties are advised to carry out their own enquiries and relevant searches.
The price of this property is listed in Australian Dollars (AUD) at the beginning of this description, and that should be used as a price guide for this property.

Property Details for 24 Purcell St, Portland

Building Type
Land
Land Size
2.04ha

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About Portland 2847

The size of Portland is approximately 98.2 square kilometres. It has 3 parks covering nearly 15.9% of total area. The population of Portland in 2011 was 2,307 people. By 2016 the population was 2,430 showing a population growth of 5.3% in the area during that time. The predominant age group in Portland is 50-59 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a trades occupation. In 2011, 81.2% of the homes in Portland were owner-occupied compared with 81.5% in 2016.

Portland has 1,461 properties. Over the last 5 years, Houses in Portland have seen a 61.67% increase in median value, while Units have seen a -13.80% decrease. As at 30 September 2024:

  • The median value for Houses in Portland is $417,777 while the median value for Units is $407,945.
  • Houses have a median rent of $400.
There are currently 26 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Portland.

Suburb Insights for Portland 2847

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Johan Nilsson
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Kristie Trouchet-Nilsson
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Hartley Realty & Lifestyle Properties
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.