OFF MARKET

43 Mahogany Drive
Pillar Valley NSW 2462

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 385390m2
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Property Details for 43 Mahogany Dr, Pillar Valley

Building Type
Land
Land Size
385390m2
Local Government
Clarence Valley
Lot/Plan
5/DP718609

Last Listing description (December 2016)

Yamba Iluka Real Estate has been offered this development project to market, and is what we consider, one of the best investment opportunities for developers that we have ever seen in this area, and entails the following:
* Very well positioned 36 block development situated 5 minutes from Maclean and 15 minutes from beautiful Brooms Head beaches on the North Coast of NSW.
* Approved DA for 35 residential lots (validity ongoing as work has commenced) plus an extra lot from a previous DA, with underground power, water and telephone, giving a total of 36 lots.

* Engineering and Survey plans completed and approved by Council
* Clearing for Stage 1 (lots 1-13) completed with clearing approvals in place for the remaining lots
* Stockpiled fill on site, valued at around $40,000, with roadworks cost in some areas returning to the developer via Section 94 (waiver).
* The development is in a flood free area and blocks require no fill all blocks are level to gently sloping, and range in size from 4000m2 to 1.09Ha.
* Full details on costings and anticipated returns, valuations and Council conditions, which have been supplied by the vendor are available from this office to bona fide investors upon request.
We regard this sale as a must look for those serious about securing a great income for the future with the upgrade of the Pacific Highway commencing in 2015 and the job opportunities this is going to provide in this area, not to mention the accommodation needs this is going to promote over the next 5 years.
Please contact Ian Dunbar (0414 949 531) for further details or inspection.

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Property History for 43 Mahogany Dr, Pillar Valley, NSW 2462

A timeline of how this property has performed in the market
  • 18 May 2015
    Listed for Sale Sold - $795,000

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About Pillar Valley 2462

The size of Pillar Valley is approximately 196.3 square kilometres. It has 5 parks covering nearly 30.3% of total area. The population of Pillar Valley in 2011 was 349 people. By 2016 the population was 301 showing a population decline of 13.8% in the area during that time. The predominant age group in Pillar Valley is 60-69 years. Households in Pillar Valley are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Pillar Valley work in a community and personal service occupation. In 2011, 81.8% of the homes in Pillar Valley were owner-occupied compared with 89.6% in 2016.

Pillar Valley has 240 properties. Over the last 5 years, Houses in Pillar Valley have seen a 75.67% increase in median value. As at 31 August 2024:

  • The median value for Houses in Pillar Valley is $837,659 while the median value for Units is $431,859.
There are currently 3 properties listed for sale, and no properties listed for rent in Pillar valley on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Pillar valley.

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