SOLD
Sold on 30 Jan 2024 for $6,350,000

4 Clarence Street
Port Macquarie NSW 2444

Bedrooms: 19
Bathrooms: 10
Car spaces: 9
Land area: 550m2
Sold By
Steve Newman
McGrath Port Macquarie
Todd Bates
McGrath Port Macquarie
Save

Property Details for 4 Clarence St, Port Macquarie

Building Type
Land
Land Size
550m2
Local Government
Port Macquarie-Hastings
Lot/Plan
1/DP1083291

Last Listing description (June 2024)

Outstanding opportunity: On a 1783sqm corner block, just paces from Port Central, Town Green and harbour foreshores, this parcel of ten income-producing dwellings has DA approval for development of 48 luxurious water-view apartments, over eight levels.

- Exciting development opportunity, in the heart of Port CBD
- Approved for 48 luxurious apartments plus swimming pool

- Steps from shops, cafes, restaurants; prime central location
- Easy stroll to Town Green or cosmopolitan Town Beach
- Ten apartments enjoy high occupancy, 22/23 Gross return $382,579
- Landmark building, in heart of Port Macquarie's vibrant CBD
- Strong reliable income, until ready to commence construction
- Figures, plans and approvals, available for buyer/developer
- Opportunity to shape future of Port Macquarie's town centre
- Interested investors/developers please contact McGrath today
- Current DA approval in place

Property History for 4 Clarence St, Port Macquarie, NSW 2444

A timeline of how this property has performed in the market
Last Sold
$6,350,000
30 Jan 2024
  • 30 Jan 2024
    Sold for $6,350,000
  • 07 Dec 2023
    Listed for Sale Contact Agent

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About Port Macquarie 2444

The size of Port Macquarie is approximately 54.2 square kilometres. It has 61 parks covering nearly 17.2% of total area. The population of Port Macquarie in 2011 was 41,491 people. By 2016 the population was 44,857 showing a population growth of 8.1% in the area during that time. The predominant age group in Port Macquarie is 60-69 years. Households in Port Macquarie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Macquarie work in a professional occupation. In 2011, 64.9% of the homes in Port Macquarie were owner-occupied compared with 64% in 2016.

Port Macquarie has 28,751 properties. Over the last 5 years, Houses in Port Macquarie have seen a 55.13% increase in median value, while Units have seen a 52.80% increase. As at 31 August 2024:

  • The median value for Houses in Port Macquarie is $880,215 while the median value for Units is $587,617.
  • Houses have a median rent of $620 while Units have a median rent of $475.
There are currently 141 properties listed for sale, and 95 properties listed for rent in Port macquarie on OnTheHouse. According to CoreLogic's data, 1194 properties were sold in the past 12 months in Port macquarie.

Suburb Insights for Port Macquarie 2444

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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.