OFF MARKET

10 River Road
Palmers Island NSW 2463

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1226m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Sep 2024
Low

High
Save

Property Details for 10 River Rd, Palmers Island

10 River Rd, Palmers Island is a 4 bedroom, 2 bathroom House and was built in 1926. The property has a land size of 1226m2. While the property is not currently for sale or for rent, it was last sold in May 2009.

Building Type
House
Year Built
1926
Land Size
1226m2
Local Government
Clarence Valley
Lot/Plan
1/DP551579

Last Listing description (January 2021)

This unique parcel of land and amazing opportunity is situated on the far north coast of NSW, Just 8 minutes from the coastal township of Yamba. It boarders the village of Palmers Island and has over 200m of absolute water frontage to the mighty Clarence River. This property presents an excellent opportunity for both investors and developers to capitalize on the true potential of this site.
The Yamba/Lower Clarence area is statistically noted for having one of the best all round climates in Australia. Combine this with our spectacular tidal river and you have a mecca for yachting, fishing, water skiing, and other marine pleasures. Holiday makers triple the areas population over the Christmas period, enjoying our spectacular surf beaches and laid-back coastal lifestyle.
Whist in a rural setting, this property offers easy access to all of the above. The completion of the new Pacific Highway, due towards the end of 2020, makes the destination even more accessible, for those looking at enjoying a holiday with diverse opportunities.

The property consists of a level land area of 3.85Ha (7.87Acres), The site has been given Development Approval by the Clarence Valley Council, in May 2017, for the development of either of the following two options:
1. 56 cabin sites, 13 caravan sites, 11 caravan sites with private amenities, plus a camping area, giving a total of 109 accommodation sites. All of the above has access to the river front.
It can be constructed in two (2) stages and also comes with a substantial 2 storey 4-bedroom, two-bathroom managers residence, with great river views.
OR
2. Alternatively a 102-site caravan park, with 2 acres of camping area, has also been approved.
A floating pontoon (subject to Council Approval), would allow easy access to the river, and directly out to sea.
This property offers those seeking involvement in the tourist industry a great ground-floor opportunity to participate, at a very reasonable price.
Full details available from our office, and inspections can be organised at reasonably short notice Please call Ian Dunbar on 0414 949 531 or our head office on (02)66 462 400

Property History for 10 River Rd, Palmers Island, NSW 2463

A timeline of how this property has performed in the market
Last Sold
$3,200,000
19 May 2009
Listed for Rent
$600/w
04 Nov 2020
  • 15 Dec 2023
    Sold
  • 08 Apr 2020
    Listed for Sale $2,000,000 plus GST
  • 03 Oct 2014
    Listed for Sale $289,000
Sign in to see more transactions

Commute Calculator

About Palmers Island 2463

The size of Palmers Island is approximately 34.8 square kilometres. The population of Palmers Island in 2011 was 477 people. By 2016 the population was 439 showing a population decline of 8.0% in the area during that time. The predominant age group in Palmers Island is 50-59 years. Households in Palmers Island are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmers Island work in a managers occupation. In 2011, 79.5% of the homes in Palmers Island were owner-occupied compared with 80.1% in 2016.

Palmers Island has 235 properties. Over the last 5 years, Houses in Palmers Island have seen a 81.92% increase in median value. As at 31 August 2024:

  • The median value for Houses in Palmers Island is $859,840 while the median value for Units is $381,355.
There are currently 3 properties listed for sale, and no properties listed for rent in Palmers island on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Palmers island.

Suburb Insights for Palmers Island 2463

Market Insights
Palmers Island Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Palmers Island Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.