SOLD
Sold on 02 Feb 2024 for $570,000

7-11 Village Street
Cobargo NSW 2550

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11740m2
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Property Details for 7-11 Village St, Cobargo

Building Type
Land
Land Size
11740m2
Local Government
Bega Valley
Lot/Plan
5/DP1027919

Last Listing description (June 2024)

Discover the potential of 7-11 Village Street in Cobargo, NSW, where an incredible opportunity awaits. This expansive site has the coveted DA approval for a prestigious housing estate, featuring 21 thoughtfully designed dwellings. Alternatively, explore the possibility of creating a new land subdivision with up to 15 lots, subject to council approval.

Situated on an impressive 11,700 sqm cleared allotment, this property holds immense value in the heart of Cobargo. Boasting a strategic location within the town's residential centre and adjacent to Cobargo Hotel/Motel, it provides easy access to the picturesque Bermagui Shoreline, and the bustling hub of Bega Valley.

Investment Highlights:

1. Strategic Location: This coveted property is nestled within Cobargo's established community, ensuring a convenient and sought-after lifestyle.

2. Expansive Site: Enjoy the flexibility and generosity of an 11,700 sqm* site, providing ample space for your housing vision.

3. DA Approved: Benefit from existing development approval for a Staged Manufactured Housing Estate, comprising 21 dwelling sites. The potential is limitless.

4. RU5 Village Zoning: Take advantage of this favourable zoning, allowing for a range of potential uses tailored to your investment strategy.

5. Effortless Connectivity: Seamlessly connect to multiple modes of transportation, thanks to efficient access to the M1 Motorway, facilitating convenient travel both north and southbound.

Don't miss this exceptional opportunity to shape your real estate dreams in Cobargo.

Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.

Property History for 7-11 Village St, Cobargo, NSW 2550

A timeline of how this property has performed in the market
Last Sold
$570,000
02 Feb 2024
  • 02 Feb 2024
    Sold for $570,000
  • 18 Oct 2023
    Listed for Sale Price Guide $800,000
  • 07 Feb 2023
    Listed for Sale Contact Agent
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About Cobargo 2550

The size of Cobargo is approximately 104 square kilometres. It has 5 parks covering nearly 21.6% of total area. The population of Cobargo in 2011 was 637 people. By 2016 the population was 770 showing a population growth of 20.9% in the area during that time. The predominant age group in Cobargo is 60-69 years. Households in Cobargo are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Cobargo work in a community and personal service occupation. In 2011, 73.6% of the homes in Cobargo were owner-occupied compared with 74% in 2016.

Cobargo has 544 properties. Over the last 5 years, Houses in Cobargo have seen a 47.52% increase in median value, while Units have seen a 199.82% increase. As at 30 November 2024:

  • The median value for Houses in Cobargo is $558,377 while the median value for Units is $914,407.
  • Houses have a median rent of $475.
There are currently 19 properties listed for sale, and 1 property listed for rent in Cobargo on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Cobargo.

Suburb Insights for Cobargo 2550

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Ali Yagmur
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Domain Illawarra Real Estate
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.