SOLD
Sold on 30 Jul 2024 for $638,000

44A Riverview Street
Murwillumbah NSW 2484

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 648m2
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Property Details for 44a Riverview St, Murwillumbah

Building Type
Land
Land Size
648m2
Local Government
Tweed
Lot/Plan
2/DP1280223

Last Listing description (September 2024)

SOLD PRIOR TO AUCTION

Attention Developers, builders and/or hands on investors willing to get their hands dirty to Build two houses!

This exceptional real estate offering is a rare find in today's market. Situated in a prime location, just a short 10-minute walk from the local shopping centre, this property promises convenience and high demand.

Key Features:
Centrally Located: Ideal for both residents and potential renters.
Ready to Build: All services are in place, including water, power, sewer, and NBN. The slabs are already down, saving you time and money.
Development Approval (DA) in Place: Approved for the construction of 2 detached homes, each featuring 3 bedrooms, 2 bathrooms, and 2 car spaces.
Contributions Paid and Construction Certificate (CC) Issued: All contributions have been paid, and the CC has been issued, allowing immediate commencement of construction.

Proximity to Key Amenities:
Healthcare: Approximately 25 minutes to the brand new, state-of-the-art Tweed Valley Hospital, opened in May 2024, and less than 5 minutes to Murwillumbah Hospital.
Transport: A convenient 33-minute drive to the Gold Coast Airport, providing excellent connectivity.
Education and Recreation: A primary school and park are within 50 metres, making it ideal for families.

Investment Highlights:
High Rental Yield: The location and amenities make this an attractive option for tenants.
High Buyer Demand: The central location ensures sustained demand from buyers.
Potential Growth: The area shows strong potential for capital growth.
Dual Access: Easy access from Riverview St and Nullum Lane adds to the convenience.
Flood Free: The property is on flood-free land, ensuring safety and peace of mind.

Possibilities:
Sell them both
Rent them both, or better yet
Live in one and rent the second to help with mortgage repayments
You could even go halves with a friend, build them and each get one

Don't miss out on this unique opportunity to invest in a high-demand area with significant growth potential.

Contact us today to learn more and secure this prime development site.
For more information, call Scott Reading 0401938937

Disclaimer:
All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to First National Real Estate Murwillumbah by third parties.
Information should not be relied upon and you should make your own enquiries and seek legal advice in respect to all information about the property contained in this advertisement.

Property History for 44a Riverview St, Murwillumbah, NSW 2484

A timeline of how this property has performed in the market
Last Sold
$638,000
30 Jul 2024
  • 30 Jul 2024
    Sold for $638,000
  • 31 May 2024
    Listed for Sale SOLD PRIOR TO AUCTION

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About Murwillumbah 2484

The size of Murwillumbah is approximately 12 square kilometres. It has 21 parks covering nearly 10.4% of total area. The population of Murwillumbah in 2011 was 6,342 people. By 2016 the population was 7,034 showing a population growth of 10.9% in the area during that time. The predominant age group in Murwillumbah is 50-59 years. Households in Murwillumbah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murwillumbah work in a professional occupation. In 2011, 65.1% of the homes in Murwillumbah were owner-occupied compared with 65.5% in 2016.

Murwillumbah has 4,125 properties. Over the last 5 years, Houses in Murwillumbah have seen a 68.99% increase in median value, while Units have seen a 121.04% increase. As at 31 October 2024:

  • The median value for Houses in Murwillumbah is $796,471 while the median value for Units is $370,540.
  • Houses have a median rent of $695 while Units have a median rent of $420.
There are currently 31 properties listed for sale, and 18 properties listed for rent in Murwillumbah on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Murwillumbah.

Suburb Insights for Murwillumbah 2484

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First National Real Estate Murwillumbah
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.