1-11 Mills RoadLondonderry NSW 2753
Property Details for 1-11 Mills Rd, Londonderry
1-11 Mills Rd, Londonderry is a 0 bedroom, 0 bathroom House. The property has a land size of 20272m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom House sold in Londonderry in the last 12 months.
Last Listing description (July 2024)
This 5-acre vacant parcel at 1-11 Mills Road, LONDONDERRY, priced at $1,900,000, presents itself as a tremendous investment opportunity with promising future potential. Boasting RU4 Zoning, the property offers a canvas for diverse possibilities, making it a strategic and versatile investment. Here's why it stands out:
Location and Convenience:
Located in the charming Londonderry village, it combines the allure of a country town with the convenience of easy access to Penrith and Richmond/Windsor.
Land Use Flexibility:
Under RU4 Zoning, the property allows for sustainable primary industries and various compatible land uses, providing flexibility for the investor.
Development Opportunities:
The virgin land parcel opens avenues for creating a dream home or exploring dual occupancy possibilities (STCA), catering to those seeking a semi-rural lifestyle.
Subdivision Potential:
With an eye for the future, the property could serve as a lucrative land bank, considering the potential for future subdivision (STCA). This strategic foresight positions it as a valuable long-term investment.
Rare Opportunity:
Vacant land of this size is a rarity, making this property a unique investment prospect. The scarcity of large plots enhances its desirability.
Investment in Comfortable Living:
For those yearning for a country lifestyle with city amenities, this property offers an ideal setting for families to settle down and enjoy life's comforts.
Experienced Realtor:
Contact Stephen Thomas at 0411 664 449 for more details. With over 42 years of existence, this property is being offered for the first time, further emphasizing its exclusivity and potential.
In conclusion, this 5-acre parcel stands not only as an immediate opportunity for a dream home but also as a strategic investment in the future. The combination of location, zoning, and development possibilities positions it as a property with enduring value and growth potential. Don't miss the chance to invest in a piece of land that holds the promise of a prosperous future.
Property History for 1-11 Mills Rd, Londonderry, NSW 2753
- 22 Mar 2024Sold for $1,770,000
- 15 Mar 2023Listed for Sale $1,900,000
- 04 Nov 1980Sold for $41,500
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About Londonderry 2753
The size of Londonderry is approximately 35.4 square kilometres. It has 5 parks covering nearly 1.5% of total area. The population of Londonderry in 2011 was 3,816 people. By 2016 the population was 3,918 showing a population growth of 2.7% in the area during that time. The predominant age group in Londonderry is 10-19 years. Households in Londonderry are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Londonderry work in a trades occupation. In 2011, 77.1% of the homes in Londonderry were owner-occupied compared with 78.8% in 2016.
Londonderry has 1,335 properties. Over the last 5 years, Houses in Londonderry have seen a 28.46% increase in median value, while Units have seen a 22.04% increase. As at 31 October 2024:
- The median value for Houses in Londonderry is $1,672,196 while the median value for Units is $716,450.
- Houses have a median rent of $825 while Units have a median rent of $320.
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