OFF MARKET

791 Centaur Road
Hamilton Valley NSW 2641

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 40870m2
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Property Details for 791 Centaur Rd, Hamilton Valley

Building Type
Land
Land Size
40870m2
Local Government
Albury City
Lot/Plan
2/DP1243057

Last Listing description (October 2023)

Dixon Commercial Real Estate are pleased to offer for sale 791 Centaur Road, Hamilton Valley via an Expressions of Interest campaign closing 12 noon, Thursday 28 September, 2023.

Comprising a total site area of approximately 41,000 square metres and positioned adjacent to the Lavington Sports Stadium Precinct, this serviced development site provides outstanding development scope (STCA). The property fronts Centaur Road, Hanna Street and Pearsall Street, providing approximately 500 metres of frontage, and is located approximately 2.5 kilometres from Lavington Square Shopping Centre.

The property is zoned General Residential (R1) under the Albury Local Environmental Plan 2010, which encourages providing for the housing needs of the community through a variety of housing types and densities. The zoning also enables other land uses that provide facilities or services to meet the day to day needs of residents. It also encourages medium density housing that is designed to achieve a high standard of amenity.

Property features include:
- Zoned R1 - General Residential.
- Total site area approximately 4.1 hectares.
- 300 square metre - minimum lot size (as per Albury Council).
- Significant development scope (STCA).
- Three street frontages totaling approximately 500 metres.
- Strong local and regional population growth.

Between 2021 and 2046, the population for Albury City is forecast to increase by 22,214 persons (39.64% growth), at an average annual change of 1.34% (id Consulting).

The development site presents a rare opportunity to acquire a major infill development site in Albury's expanding northern growth corridor.

Terms: 10% deposit, balance 60 days.

For more information or to request a copy of the Information Memorandum, please contact the Sales Agents below.

Property History for 791 Centaur Rd, Hamilton Valley, NSW 2641

A timeline of how this property has performed in the market
Last Sold
$5,698,000
27 Oct 2023
  • 27 Oct 2023
    Sold for $5,698,000
  • 18 Aug 2023
    Listed for Sale Contact Agent
  • 03 Sep 2020
    Listed for Sale Contact Agent

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About Hamilton Valley 2641

The size of Hamilton Valley is approximately 11.9 square kilometres. It has 3 parks covering nearly 1.8% of total area. The population of Hamilton Valley in 2011 was 393 people. By 2016 the population was 555 showing a population growth of 41.2% in the area during that time. The predominant age group in Hamilton Valley is 20-29 years. Households in Hamilton Valley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Hamilton Valley work in a professional occupation. In 2011, 82.3% of the homes in Hamilton Valley were owner-occupied compared with 63.2% in 2016.

Hamilton Valley has 466 properties. Over the last 5 years, Houses in Hamilton Valley have seen a 58.53% increase in median value, while Units have seen a 92.12% increase. As at 31 October 2024:

  • The median value for Houses in Hamilton Valley is $566,290 while the median value for Units is $429,044.
  • Houses have a median rent of $498 while Units have a median rent of $420.
There are currently 7 properties listed for sale, and 1 property listed for rent in Hamilton valley on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Hamilton valley.

Suburb Insights for Hamilton Valley 2641

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Disclaimer
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.