SOLD
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Sold on 24 Nov 2023 for $2,315,000

5 Yambo Street
Morisset NSW 2264

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 3000m2
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Property Details for 5 Yambo St, Morisset

5 Yambo St, Morisset is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 3000m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom House sold in Morisset in the last 12 months.

Building Type
House
Land Size
3000m2
Local Government
Lake Macquarie
Lot/Plan
11/8/DP758707

Last Listing description (November 2023)

When it comes to regional growth centres, Morisset has been tipped as an area of significant growth, mainly due to its easy access to the M1, and Morisset train station being part of the Sydney Commuting Belt. So, when 3,000m2 of R3 zoned land becomes available, it presents a unique opportunity to secure this highly sought after holding and profit from the future growth this suburb is set to experience.

The land is comprised of 3 separate lots, being Lot 11, 12 and 13. The property sits high on the corner with fantastic street access from both Yambo Street and Wharf Street, as well as laneway access via Lindon Lane, resulting in street frontage on 3 sides. The existing Masonic Hall could be either incorporated into your new development or demolished (pending council approvals) resulting in a blank canvas.

- Once developed, the apartments will be a desirable location to reside, due to the proximity to shops and train, whilst being quite away from traffic noise.

- The land falls perfectly to the Northeast resulting in sun filled apartments with the potential of views to the Watagan Ranges.
- There appears to be no easements over the land, with the sewer running within Lindon Lane.
- Drainage-wise, the land is well elevated with a gentle fall to Wharf Street.
- To the South of the parent lot is Lean Memorial Park, giving some of the future south facing apartments, a parkland view whilst being a close walk to Morisset CBD.

There is a lot to like about 5 Yambo Street, Morisset, so please contact Matthew Wilson today to register your interest and or arrange for a private viewing if desired.

*Disclaimer: Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the owner or agent. While all care is taken to ensure otherwise, WilsonBritten Morisset does not make any representation as to the accuracy of any of the information contained in the advertisement, does not accept any responsibility or liability, and recommends that any client make their own investigations and enquiries. All images are indicative if the property only and Inspections are recommended.

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Property History for 5 Yambo St, Morisset, NSW 2264

A timeline of how this property has performed in the market
Last Sold
$2,315,000
24 Nov 2023
  • 24 Nov 2023
    Sold for $2,315,000
  • 09 Oct 2023
    Listed for Sale Expressions of Interest
  • 07 May 2001
    Sold
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About Morisset 2264

The size of Morisset is approximately 26.9 square kilometres. It has 25 parks covering nearly 50.9% of total area. The population of Morisset in 2011 was 2,856 people. By 2016 the population was 3,237 showing a population growth of 13.3% in the area during that time. The predominant age group in Morisset is 70-79 years. Households in Morisset are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Morisset work in a professional occupation. In 2011, 69.5% of the homes in Morisset were owner-occupied compared with 63.2% in 2016.

Morisset has 2,908 properties. Over the last 5 years, Houses in Morisset have seen a 64.87% increase in median value, while Units have seen a 26.13% increase. As at 31 October 2024:

  • The median value for Houses in Morisset is $835,898 while the median value for Units is $574,695.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 25 properties listed for sale, and 11 properties listed for rent in Morisset on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Morisset.

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