7-11 Village StreetCobargo NSW 2550
Property Details for 7-11 Village St, Cobargo
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
- 02 Feb 2024Sold for $570,000
- 18 Oct 2023Listed for Sale Price Guide $800,000
- 07 Feb 2023Listed for Sale Contact Agent
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0About 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 43.81% increase in median value, while Units have seen a 199.82% increase. As at 31 October 2024:
- The median value for Houses in Cobargo is $550,236 while the median value for Units is $935,701.
- Houses have a median rent of $475.
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