7 Mclachlan St, Orange is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1214m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
This property is a mixed bag of opportunity for investors and developers. It is a huge block of 1214 sqm that currently has two houses plus a shed, all currently leased to tenants with a combined rent of $425 per week. The first house has two bedrooms and one bathroom, and the second house has one bedroom and one bathroom. The tenancies of the houses and shed would easily carry over to the new owner providing immediate income while you ponder the possibilities of what you could do on this block. Development or subdivision of the block may be possible, subject to Council approval, given the block's large size and good access.
The size of Orange is approximately 150.6 square kilometres. It has 98 parks covering nearly 4% of total area. The population of Orange in 2011 was 35,990 people. By 2016 the population was 38,093 showing a population growth of 5.8% in the area during that time. The predominant age group in Orange is 0-9 years. Households in Orange are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Orange work in a professional occupation. In 2011, 62.9% of the homes in Orange were owner-occupied compared with 61.8% in 2016.
Orange has 22,100 properties. Over the last 5 years, Houses in Orange have seen a 63.09% increase in median value, while Units have seen a 65.05% increase. As at 30 September 2024:
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