3 Memory AvenueCrookwell NSW 2583
Property Details for 3 Memory Ave, Crookwell
Last Listing description (September 2024)
Prime Location with Immense Potential
Discover an unparalleled investment opportunity in a rapidly growing area! This exceptional 5 acre property offers subdivision potential with a proposed plan for 22 generously sized lots ranging from 800m2 to 2000m2. Nestled in an elevated position, this land boasts minimal development costs and is surrounded by other new properties and subdivision developments, making it a prime location for investors and home buyers alike.
Currently, the property features a spacious 4-bedroom, 2-bathroom transportable home, perfect for immediate rental income or comfortable living while you plan your development. The home is equipped with a cozy wood fire and a reverse cycle split system to ensure year-round comfort. Additionally, it includes a 3-car garage and an extra carport, providing ample storage and parking space.
The existing home is estimated to rent for approximately $450-$480 per week, offering a steady income stream while you navigate the subdivision process. This makes it an ideal choice for investors looking for a property with both immediate and long-term returns.
Investment Highlights
· Expansive 5 acre parcel
· Proposed 22 lots ranging from 800m2 to 2000m2.
· Blocks are estimated to retail between $275,000 and $350,000.
· Close to other new properties and subdivision developments.
· 4 bedrooms, 2 bathrooms, wood fire, reverse cycle split system.
· 3-car garage and additional carport.
· Potential rental income of $450-$480 per week.
· Elevated position with cost-effective development opportunities.
Perfect for Investors and Home Buyers
Whether you are an investor looking to capitalise on a booming market or a home buyer seeking a property with more space and future growth potential, this listing is an exceptional opportunity. The combination of subdivision potential, attractive rental income, and prime location makes this property a standout choice.
Don't miss out on this unique chance to secure a valuable asset in a thriving community. Contact us today to arrange a viewing and explore the endless possibilities this property has to offer.
*Disclaimer be aware that this is a proposed subdivision plan
Property History for 3 Memory Ave, Crookwell, NSW 2583
- 13 Sep 2024Sold for $1,600,000
- 11 Jun 2024Listed for Sale $1,650,000
- 14 Apr 1992Sold for $32,500
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0About Crookwell 2583
The size of Crookwell is approximately 207.4 square kilometres. It has 14 parks covering nearly 0.9% of total area. The population of Crookwell in 2011 was 2,507 people. By 2016 the population was 2,633 showing a population growth of 5.0% in the area during that time. The predominant age group in Crookwell is 50-59 years. Households in Crookwell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Crookwell work in a trades occupation. In 2011, 77.7% of the homes in Crookwell were owner-occupied compared with 74.4% in 2016.
Crookwell has 1,851 properties. Over the last 5 years, Houses in Crookwell have seen a 69.71% increase in median value, while Units have seen a 34.30% increase. As at 31 October 2024:
- The median value for Houses in Crookwell is $552,915 while the median value for Units is $367,156.
- Houses have a median rent of $450.
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