260 Commercial RoadVineyard NSW 2765
Property Details for 260 Commercial Rd, Vineyard
Last Listing description (September 2024)
RomicMoore Property are proud to present 260 Commercial Road Vineyard to the market.
This expansive, mostly level 2.5 acre* parcel is perfectly positioned within an R2 - Low Density Residential zone, offering endless potential for residential development.
Ideal for Residential Development: The R2 zoning allows for the construction of low-density residential housing, making it an
excellent investment for developers looking to build family homes or duplexes.
2.5 acre level and flood free Land
Prime Location: Situated at 260 Commercial Road, this property offers the perfect balance of tranquility and accessibility, ideal
for creating a serene and family-friendly living environment.
Proximity to Amenities: Close to future schools, parks, shopping centers, and public transport, providing convenience for future
residents.
Growth Potential: With ongoing infrastructure developments and urban expansion in the region, Vineyard is poised for significant
growth, making this an astute investment opportunity.
Limited Availability: There are only a few good parcels left in this area. Most of the surrounding properties are already built and
developed, making this a rare and valuable opportunity.
Vineyard is one of the most sought-after suburbs in NSW due to its strategic location and development potential. The area is undergoing a transformation with new residential and commercial projects, enhancing its appeal to homebuyers and investors alike.
Don't miss out on this exceptional development opportunity at 260 Commercial Road, Vineyard.
Property History for 260 Commercial Rd, Vineyard, NSW 2765
- 19 Nov 2021Listed for Sale $9,100,000
- 12 Dec 2016Sold for $3,150,000
- 17 Nov 2016Listed for Sale Not Disclosed
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About Vineyard 2765
The size of Vineyard is approximately 13.8 square kilometres. It has 3 parks covering nearly 0.8% of total area. The population of Vineyard in 2011 was 1,225 people. By 2016 the population was 1,165 showing a population decline of 4.9% in the area during that time. The predominant age group in Vineyard is 50-59 years. Households in Vineyard are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Vineyard work in a trades occupation. In 2011, 74.9% of the homes in Vineyard were owner-occupied compared with 70.8% in 2016.
Vineyard has 1,044 properties. Over the last 5 years, Houses in Vineyard have seen a -31.65% decrease in median value, while Units have seen a 23.43% increase. As at 31 August 2024:
- The median value for Houses in Vineyard is $1,104,261 while the median value for Units is $731,489.
- Houses have a median rent of $750.
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