FOR SALE
$600,000-$650,000

54 Mccormick Road
Ob Flat SA 5291

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4.4ac
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OPPORTUNITY KNOCKS – 4.4 ACRES OF VACANT LAND – ZONED RESIDENTIAL

Situated on the edge of the City & the world famous Blue Lake is this remarkable investment opportunity, offering a 4.4-acre residential allotment at 54 McCormick Road. This expansive piece of land not only promises a sense of serenity and space but also carries significant investment potential.
The property's size and zoning for residential use open the door to a wide range of possibilities, from creating a private estate to subdividing for multiple homes (S.T.P.C). Whether you envision a family estate, a cluster of dream homes, or a residential development project, the possibilities are vast. This flexibility ensures that your investment will have enduring value.
Extras include large shed, mains water and private location, set back from McCormick Road.
Situated in close proximity to Mount Gambier, you'll have easy access to schools, healthcare facilities, shopping centers, and all the amenities one could need. The convenience of city living is just a short drive away while maintaining the tranquility of rural lifestyle.
Extra Information:
Land Size / 4.4 acres
Council / City of Mount Gambier
Zoning / Suburban Neighbourhood
Disclaimer:
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Please read the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.

Property Details for 54 Mccormick Rd, Ob Flat

Building Type
Land
Land Size
4.4ac

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About Ob Flat 5291

The size of Ob Flat is approximately 25.7 square kilometres. It has 4 parks covering nearly 1% of total area. The population of Ob Flat in 2011 was 631 people. By 2016 the population was 420 showing a population decline of 33.4% in the area during that time. The predominant age group in Ob Flat is 60-69 years. Households in Ob Flat are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ob Flat work in a managers occupation. In 2011, 86.2% of the homes in Ob Flat were owner-occupied compared with 86.7% in 2016.

Ob Flat has 267 properties. Over the last 5 years, Houses in Ob Flat have seen a 64.50% increase in median value. As at 31 October 2024:

  • The median value for Houses in Ob Flat is $746,198 while the median value for Units is $549,348.
There are currently 3 properties listed for sale, and no properties listed for rent in Ob flat on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Ob flat.

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Al Lamond
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