SOLD
Sold on 05 Apr 2024 for $550,000

11 Caroline Way
Narrabri NSW 2390

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11690m2
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Property Details for 11 Caroline Way, Narrabri

Building Type
Land
Land Size
11690m2
Local Government
Narrabri
Lot/Plan
11/DP1242823

Last Listing description (November 2023)

- Located adjacent to the new Bunnings within the established Narrabri Commercial Estate.
- Frontage to the Newell Highway and close to the junction of the Newell and Kamilaroi Highways.
- Land area 11,690sqm* (1.169ha*).

- Fully security fenced.
- 15,000sqm gravel fill providing 150mm laser levelled hardstand across entire block.
- Zoned IN2 Light Industrial under the Narrabri Shire Council Local Environmental Plan 2012.
- Electricity, town water, phone, garbage collection and mail available.
- Access from Caroline Way.

Outstanding opportunity to purchase a prime industrial block fronting the Newell Highway in the agricultural heartland of northern NSW. The Newell Highway is the main transport link between Brisbane and Melbourne and carries approximately 4,000 motorists per day through Narrabri.

This high profile location with flexible zoning has easy access for transport links and represents a strategic acquisition for developers.

With Bunnings on the adjoining block and the Inland Rail link to pass through Narrabri, the opportunities for development of the site are extremely attractive.

For further information and inspections contact Michael Guest on 0429 921 700.

*approximate

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Property History for 11 Caroline Way, Narrabri, NSW 2390

A timeline of how this property has performed in the market
Last Sold
$550,000
05 Apr 2024
  • 05 Apr 2024
    Sold for $550,000
  • 26 Jun 2023
    Listed for Sale $720,000
  • 23 Jun 2021
    Sold for $2,435,000
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About Narrabri 2390

The size of Narrabri is approximately 1,294.2 square kilometres. It has 22 parks covering nearly 10.7% of total area. The population of Narrabri in 2011 was 7,391 people. By 2016 the population was 7,614 showing a population growth of 3.0% in the area during that time. The predominant age group in Narrabri is 0-9 years. Households in Narrabri are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Narrabri work in a trades occupation. In 2011, 64.1% of the homes in Narrabri were owner-occupied compared with 63.5% in 2016.

Narrabri has 4,465 properties. Over the last 5 years, Houses in Narrabri have seen a 45.61% increase in median value, while Units have seen a 164.68% increase. As at 31 August 2024:

  • The median value for Houses in Narrabri is $358,555 while the median value for Units is $207,652.
  • Houses have a median rent of $470 while Units have a median rent of $300.
There are currently 59 properties listed for sale, and 5 properties listed for rent in Narrabri on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Narrabri.

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