FOR SALE
Price Guide $395,000 - $434,000

36 Milligan Street
Taree NSW 2430

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 1347m2
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From Concept to Reality... Develop Your Vision on this 1347sqm Block

Fresh to the market, 36 Milligan Street is an expansive 1347sqm parcel of land with loads of development potential. With an existing two bedroom house on-site and concept plans for five units mapped out (Subject To Council Approval), this property is primed for transformation and offers a rare opportunity for visionary developers and astute investors alike.
The two bedroom house provides an opportunity for some rental income whilst waiting to build. Picture the endless future potential, spanning from modern villas to inviting townhouses, meticulously crafted to fulfil your individual needs and vision.
Key features of the property include:
- 20.11m (approx.) of street frontage with a depth of 67.19m (approx.)
- R1 General Residential Land Zoning
- Existing dwelling features two bedrooms plus a sunroom, functional kitchen and bathroom with a single car garage
- For the savvy investor, delight in the prospect of earning an estimated rental income of $340 - $360 per week, while affording yourself the time to secure development consent for the land
Conveniently positioned just 2.3km from the Taree CBD, this property is situated in a family-friendly neighbourhood, also close to Chatham IGA Shopping Centre, Schools, Parks, Taree Leagues Bowling Club and Fays Twin Cinema all within a 1.3km radius. Act now to secure this affordable and exceptional opportunity. Contact Justin Atkins on 0417 955 176 or Kelly Sawyer on 0421 025 081 for further details or visit us at one of our upcoming open homes.

Property Details for 36 Milligan St, Taree

36 Milligan St, Taree is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1347m2. The place is currently for sale with LJ Hooker Taree.

Building Type
House
Land Size
1347m2

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About Taree 2430

The size of Taree is approximately 47.8 square kilometres. It has 44 parks covering nearly 5.7% of total area. The population of Taree in 2011 was 15,848 people. By 2016 the population was 16,214 showing a population growth of 2.3% in the area during that time. The predominant age group in Taree is 60-69 years. Households in Taree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taree work in a professional occupation. In 2011, 59.7% of the homes in Taree were owner-occupied compared with 58.5% in 2016.

Taree has 9,537 properties. Over the last 5 years, Houses in Taree have seen a 60.22% increase in median value, while Units have seen a 41.87% increase. As at 31 August 2024:

  • The median value for Houses in Taree is $476,444 while the median value for Units is $346,653.
  • Houses have a median rent of $460 while Units have a median rent of $350.
There are currently 93 properties listed for sale, and 29 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Taree.

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Justin Atkins
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Kelly Sawyer
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LJ Hooker Taree
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