OFF MARKET

23/2 Ormond Street
North Gosford NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 112m2
Land area: 696m2
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Property Details for 23/2 Ormond St, North Gosford

23/2 Ormond St, North Gosford is a bedroom, bathroom House. The property has a land size of 696m2 and floor size of 112m2.

Building Type
House
Floor Size
112m2
Land Size
696m2
Local Government
Central Coast

Last Listing description (April 2017)

Seven houses for sale generating $140,000 per annum in income.
DA approved plans for 110 Units that can be built in 4 stages.

Excellent Opportunity for for a consortium/superannuation fund or for several partners to collaborate and develop the site- generate income now, develop later.
Possible change of use to an Aged care facility (STCA).
The development could be built in stages,sold off individually etc.
A quick profit could be made here as smaller sites are in demand in this area.
The vendor is highly motivated and will consider allowing some time and possible terms to allow the purchaser to realise the project.
Call today to access the DA documentation.

Property History for 23/2 Ormond St, North Gosford, NSW 2250

A timeline of how this property has performed in the market
  • 16 Feb 2017
    Listed for Sale $5,750,000

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About North Gosford 2250

The size of North Gosford is approximately 1.9 square kilometres. It has 8 parks covering nearly 31.1% of total area. The population of North Gosford in 2011 was 3,500 people. By 2016 the population was 3,696 showing a population growth of 5.6% in the area during that time. The predominant age group in North Gosford is 50-59 years. Households in North Gosford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Gosford work in a professional occupation. In 2011, 54.5% of the homes in North Gosford were owner-occupied compared with 51% in 2016.

North Gosford has 2,267 properties. Over the last 5 years, Houses in North Gosford have seen a 50.70% increase in median value, while Units have seen a 34.32% increase. As at 31 October 2024:

  • The median value for Houses in North Gosford is $898,246 while the median value for Units is $601,772.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 9 properties listed for sale, and 6 properties listed for rent in North gosford on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in North gosford.

Suburb Insights for North Gosford 2250

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Disclaimer
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.