115 Connells Point RoadConnells Point NSW 2221
Property Details for 115 Connells Point Rd, Connells Point
115 Connells Point Rd, Connells Point is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 595m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in September 2016.
Last Listing description (July 2024)
An extraordinary opportunity awaits in the form of an approved multi-dwelling development, showcasing remarkable potential for capitalisation in a highly sought-after and prestigious locale. The current property, occupying a corner block spanning approximately 588 sqm, boasts a solid brick house with a distinctive shopfront facade. The property is adorned with dynamic Development Application (DA) plans, outlining a sophisticated transformation that includes the creation of a unit, townhouse, and villa. Here's an in-depth overview of the proposed developments:
Dwelling 1 - Innovative Shop with Unit Design
- Leveraging the existing shopfront, this dwelling is slated for a transformative overhaul, adding an extra floor to accommodate a commodious 1-bedroom, 1-bathroom unit.
Dwelling 2 - Luxurious Townhouse
- This dwelling introduces a lavish townhouse concept, featuring an open-plan living area on the ground floor for seamless communal living.
- The upper floor is dedicated to three spacious bedrooms, each equipped with built-in wardrobes, ensuring a perfect blend of style and functionality.
Dwelling 3 - Detached Villa Elegance
- The third dwelling comprises a detached villa boasting two bedrooms, two bathrooms, and a luxurious open-plan living space.
- This villa is designed to offer a private and sophisticated lifestyle, combining modern aesthetics with comfortable living.
Additionally, a key feature of this development is the provision of off-street parking, facilitated by two separate driveways accessible from Rowe Street. This not only enhances convenience for residents but also contributes to the overall functionality and attractiveness of the property.
What sets this offering apart is its strategic location in a prime and prestigious area, making it an enviable investment opportunity. The DA approval ensures the feasibility of the proposed alterations and additions, while the retained existing shopfront provides a unique opportunity for commercial use. The construction plan includes the integration of two attached dwellings to the existing building, complemented by the addition of a brand-new detached dwelling at the rear. This meticulously planned development combines innovation, luxury, and functionality, making it a standout prospect for those seeking a high-caliber real estate investment.
Property History for 115 Connells Point Rd, Connells Point, NSW 2221
- 11 Mar 2024Listed for Sale Expressions of Interest
- 02 Mar 2020Listed for Rent $630 / week
- 06 Jan 2020Listed for Rent - Price not available
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About Connells Point 2221
The size of Connells Point is approximately 1.5 square kilometres. It has 8 parks covering nearly 11% of total area. The population of Connells Point in 2011 was 2,702 people. By 2016 the population was 2,812 showing a population growth of 4.1% in the area during that time. The predominant age group in Connells Point is 40-49 years. Households in Connells Point are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Connells Point work in a professional occupation. In 2011, 88.4% of the homes in Connells Point were owner-occupied compared with 89.9% in 2016.
Connells Point has 1,117 properties. Over the last 5 years, Houses in Connells Point have seen a 47.58% increase in median value, while Units have seen a 43.11% increase. As at 31 July 2024:
- The median value for Houses in Connells Point is $2,432,462 while the median value for Units is $1,165,344.
- Houses have a median rent of $1,300 while Units have a median rent of $595.
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