This is a superb opportunity to secure this re -zoned property with subdivision potential, located in the heart of the redevelopment master plan for Menangle Park.
The property includes an older style original 3 bedroom dwelling needing repair on a total of over 4 cleared acres, gently sloping to the road with a frontage of 120.5m, perfectly rectangle in shape and ideally located just 600m to Menangle Park Railway station and Tabcorp's Club Menangle.
The master plan identifies the title offered as being located within 'standard lot' definition which is; a minimum lot size of 420m2 per land allotment with 13 'standard lots' per 1 hectare. If you are not a developer and have been considering purchasing a rural property in the Macarthur, Camden or Picton areas, this is a wise choice for lifestyle now and financial gain down the track.
The size of Menangle Park is approximately 13.3 square kilometres. It has 2 parks covering nearly 0.3% of total area. The population of Menangle Park in 2011 was 348 people. By 2016 the population was 244 showing a population decline of 29.9% in the area during that time. The predominant age group in Menangle Park is 10-19 years. Households in Menangle Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Menangle Park work in a community and personal service occupation. In 2011, 55.7% of the homes in Menangle Park were owner-occupied compared with 51.8% in 2016.
Menangle Park has 973 properties. Over the last 5 years, Houses in Menangle Park have seen a 58.54% increase in median value, while Units have seen a 57.63% increase. As at 31 August 2024:
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