314 Tarean RoadKaruah NSW 2324
Property Details for 314 Tarean Rd, Karuah
Last Listing description (October 2023)
For the first time in over 35 years you have an opportunity to purchase one of the largest land holdings in the Port Stephens and Mid North Coast area. This property represents huge upside potential in one of the most idyllic locations in coastal New South Wales.
57.84 hectares or 142 acres*, this holding is a once in a lifetime opportunity.
It is rare to find a property offering such privacy with the convenience offered here. The location itself is second to none, literally minutes off the Pacific Highway and just on half an hour* to Newcastle Airport, under 20 minutes* to the tourism hot spot of Tea Gardens, 20 minutes* to Raymond Terrace and just 2 hours and 20 minutes* to Sydney. The waterside township Karuah has a shopping centre, RSL Club, takeaways, boat ramps and just a very relaxed lifestyle.
The property has a diverse balance of country with some timbered hill (providing options for an elevated house site), cleared grazing paddocks, shaded areas and some tidal wetlands and creeks ideal for dropping a line and a couple of crab pots in.
Along with the many improvements the current property has, including a 4 bedroom 2 bathroom brick home with inground pool and large steel shed (ideal income producer for storing multiple caravans undercover).- this may be your final opportunity to purchase this property and reap the benefits long into the future.
The boundaries adjoin the successful and highly sought after residential estates of Watermark, Iron Bark Estate and River Oak Estate, giving you the opportunity to one day further develop the property. If you're looking for a great lifestyle with future opportunities, please book your inspection as opportunities like this come once in a lifetime!
Property History for 314 Tarean Rd, Karuah, NSW 2324
- 25 Oct 2023Sold for $2,750,000
- 06 Aug 2023Listed for Sale Contact Agent
- 30 Mar 2023Listed for Sale EOI - Closes 04/05/2023 at 5PM
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About Karuah 2324
The size of Karuah is approximately 74.7 square kilometres. It has 13 parks covering nearly 32.1% of total area. The population of Karuah in 2011 was 1,326 people. By 2016 the population was 1,421 showing a population growth of 7.2% in the area during that time. The predominant age group in Karuah is 60-69 years. Households in Karuah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Karuah work in a trades occupation. In 2011, 72% of the homes in Karuah were owner-occupied compared with 73.1% in 2016.
Karuah has 1,163 properties. Over the last 5 years, Houses in Karuah have seen a 81.66% increase in median value, while Units have seen a -46.78% decrease. As at 31 July 2024:
- The median value for Houses in Karuah is $629,049 while the median value for Units is $350,059.
- Houses have a median rent of $530.
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