Property Details for 17 Second St, Boolaroo
Last Listing description (April 2021)
- The property provides an opportunity for redevelopment with the astute developer taking advantage of the strategic location of the site in an area which is undergoing rapid growth with concept plans for six townhouses are available.
- The property itself is located in the high growth suburb of Boolaroo. The growth is attributed to a major infrastructure upgrade linking the area directly to one of the regions largest Business Parks. The linking of Munibung Road in Cardiff has seen primary land subdivisions undertaken including Bunderra Estate.
- The area is serviced by local amenities including transport, strip retail and Schools. Local government strongly support the area with Local council headquarters as well as Lake Macquarie library nearby. Surrounding the suburb is a number of Hotels and bowling clubs, as well as a variety of parks and exercise tracks for families.
Site Area - 1,618sqm*
Zoned - R2 Low Density Residential
40m* site frontage
Concept plans prepared for six townhouses
For sale via Private Treaty - $950,000 (plus GST)
For more information please contact Tim Woolf or Ben King of Colliers International.
*Approx.
Property History for 17 Second St, Boolaroo, NSW 2284
- 24 Oct 2019Listed for Rent - Price not available
- 25 Jul 2019Listed for Rent - Price not available
- 12 Apr 2019Listed for Sale $850,000 + GST
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About Boolaroo 2284
The size of Boolaroo is approximately 2.7 square kilometres. It has 5 parks covering nearly 3.6% of total area. The population of Boolaroo in 2011 was 933 people. By 2016 the population was 1,042 showing a population growth of 11.7% in the area during that time. The predominant age group in Boolaroo is 50-59 years. Households in Boolaroo are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Boolaroo work in a trades occupation. In 2011, 68.9% of the homes in Boolaroo were owner-occupied compared with 67.8% in 2016.
Boolaroo has 1,431 properties. Over the last 5 years, Houses in Boolaroo have seen a 81.18% increase in median value, while Units have seen a 76.79% increase. As at 31 October 2024:
- The median value for Houses in Boolaroo is $917,863 while the median value for Units is $683,991.
- Houses have a median rent of $660 while Units have a median rent of $670.
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