OFF MARKET

1416 George Booth Drive
Buchanan NSW 2323

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1562100m2
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Property Details for 1416 George Booth Dr, Buchanan

Building Type
Land
Land Size
1562100m2
Local Government
Cessnock
Lot/Plan
32/DP1085798

Last Listing description (October 2023)

- The property is ideally located only 30 kilometres* west of the Newcastle Central Business District, 15 kilometres* south of Maitland CBD and 20 kilometres* east of Cessnock CBD.
- The significant land holding is situated on both sides of the Hunter Expressway, bounded in part by George Booth Drive to the west and John Renshaw Drive to the north.
- The subject property comprises six contiguous lots extending a total site area of 443.64 ha*.

- This significant holding provides a once in a generation opportunity to purchase a value add land bank with the benefit of existing income totalling $1,578,000* per annum.

For Sale by Expressions of Interest l Please contact Peter Macadam on 0402 074 159 for more information.

*Approximate

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Property History for 1416 George Booth Dr, Buchanan, NSW 2323

A timeline of how this property has performed in the market
Last Sold
$222,500
11 Jan 2008
Listed for Rent
15 Jun 2015
  • 29 Oct 2020
    Listed for Rent - Price not available
  • 14 Aug 2018
    Listed for Sale By Negotiation
  • 12 Jun 2018
    Sold
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About Buchanan 2323

The size of Buchanan is approximately 30.6 square kilometres. It has 1 park. The population of Buchanan in 2011 was 655 people. By 2016 the population was 188 showing a population decline of 71.3% in the area during that time. The predominant age group in Buchanan is 10-19 years. Households in Buchanan are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Buchanan work in a clerical occupation. In 2011, 85.8% of the homes in Buchanan were owner-occupied compared with 80.7% in 2016.

Buchanan has 225 properties. Over the last 5 years, Houses in Buchanan have seen a 57.03% increase in median value. As at 31 July 2024:

  • The median value for Houses in Buchanan is $1,336,031.
There are currently 5 properties listed for sale, and no properties listed for rent in Buchanan on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Buchanan.

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