Knight Frank Newcastle is pleased to offer a prime residential development site of 2,570.8 sqm for sale via Expressions of Interest, closing 4 June 2020.
Elermore Vale is a located approximately 10km west of the Newcastle CBD and 1.2km west of the Elermore Vale Shopping Centre. The site is located on the corner of Croudace Road and Aries Way, where all utility services are available for connection. Good access to schools, shops and public transport.
The size of Elermore Vale is approximately 4.8 square kilometres. It has 22 parks covering nearly 12% of total area. The population of Elermore Vale in 2011 was 5,186 people. By 2016 the population was 5,516 showing a population growth of 6.4% in the area during that time. The predominant age group in Elermore Vale is 0-9 years. Households in Elermore Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Elermore Vale work in a professional occupation. In 2011, 69.5% of the homes in Elermore Vale were owner-occupied compared with 70.3% in 2016.
Elermore Vale has 2,816 properties. Over the last 5 years, Houses in Elermore Vale have seen a 68.40% increase in median value, while Units have seen a 65.02% increase. As at 30 September 2024:
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