132 Northcote StreetKurri Kurri NSW 2327
Property Details for 132 Northcote St, Kurri Kurri
132 Northcote St, Kurri Kurri is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 3136m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom House sold in Kurri Kurri in the last 12 months.
Last Listing description (July 2022)
Located in one of the Hunter Valley's most sought-after locations, this approximately 3,136m2 site is zoned R2 and has DA Approval for four lot subdivision with recently confirmed physical commencement and an excellent federation home currently returning $380 per week providing a great holding income.
Exceptionally rare, you have the option of sitting on the site with secured future potential, you could develop the site and sell some or all of the blocks or you could (subject to Council approval) build six townhouses on the sites and either sell or hold (or a combination of the two). In a market where land is impossible to find and solid investment opportunities are so desperately sought-after, we expect this opportunity will appeal to a wide audience.
The existing three bedroom cottage has an open plan, has recently been refreshed and has an excellent tenant on long term lease paying $380 per week. Once subdivided, the cottage will sit on its own title at the front and could also be sold separately.
Approximately 3 mins drive (or within easy walking distance) of the Kurri Kurri town centre, the site also benefits from being 15 minutes from the Maitland CBD and Greenhills shopping centre and less than 40 minutes to Newcastle. It is also on the doorstep to Hunter Valley Wine Country and will reap the rewards of the redevelopment of the Kurri Hydro site.
Inspection by private appointment.
Property History for 132 Northcote St, Kurri Kurri, NSW 2327
- 29 Jan 2024Sold for $650,000
- 03 Dec 2021Listed for Sale CONTACT AGENT
- 15 Sep 2021Sold for $980,000
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0About Kurri Kurri 2327
The size of Kurri Kurri is approximately 5.2 square kilometres. It has 12 parks covering nearly 8.1% of total area. The population of Kurri Kurri in 2011 was 5,771 people. By 2016 the population was 6,040 showing a population growth of 4.7% in the area during that time. The predominant age group in Kurri Kurri is 20-29 years. Households in Kurri Kurri are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kurri Kurri work in a trades occupation. In 2011, 64.7% of the homes in Kurri Kurri were owner-occupied compared with 62.1% in 2016.
Kurri Kurri has 3,164 properties. Over the last 5 years, Houses in Kurri Kurri have seen a 78.13% increase in median value, while Units have seen a 72.45% increase. As at 31 August 2024:
- The median value for Houses in Kurri Kurri is $574,084 while the median value for Units is $441,413.
- Houses have a median rent of $480 while Units have a median rent of $393.
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