With DA approval for the development of 12 dwellings this amazing opportunity to secure these 2 blocks of land is a once in a lifetime event. Both blocks are being sold in one line with a combined total of approximately 2890m2. The development is for eleven 2 bedroom townhouses and one 3 bedroom dwelling just 100m to the water's edge of beautiful Caswell Reserve and Mallabula boat ramp.
The approved development application is for 12 stunning townhouses in total that would offer the perfect blend of luxury living, designed with the latest interior trends offering a sophisticated yet relaxed low maintenance lifestyle. Each deck is designed to enjoy a fabulous outlook over the koala habitat and the blue waters of Port Stephens making the development suitable for an over 55's development offering the perfect lifestyle and location for retirement living or similar.
Surrounded by nature with fishing, swimming and all local amenities nearby, come make your sea change to this peaceful waterfront location just 20 minutes to Newcastle airport, 45 minutes to Newcastle city and 2 hours drive to Hornsby.
The size of Mallabula is approximately 2.7 square kilometres. It has 9 parks covering nearly 16.5% of total area. The population of Mallabula in 2011 was 850 people. By 2016 the population was 928 showing a population growth of 9.2% in the area during that time. The predominant age group in Mallabula is 50-59 years. Households in Mallabula are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mallabula work in a trades occupation. In 2011, 68.8% of the homes in Mallabula were owner-occupied compared with 71.1% in 2016.
Mallabula has 506 properties. Over the last 5 years, Houses in Mallabula have seen a 54.09% increase in median value, while Units have seen a 48.19% increase. As at 31 October 2024:
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