56 John Oxley DrivePort Macquarie NSW 2444
Property Details for 56 John Oxley Dr, Port Macquarie
56 John Oxley Dr, Port Macquarie is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 3599m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Last Listing description (December 2022)
Currently zoned Rural RU1, this property along with others in the vicinity were going to be rezoned Health & Education and be part of a bigger picture for this whole precinct BUT Council have changed this and the rezoning plan is now to make these properties become Residential.
With the residential zoning, this 3,607sqm property would be perfect for a combo villa/townhouse development to maximize the density and provide an excellent opportunity to develop, sell and hold some stock.
PMHC's growth expectation out to 2041 show an increase of over 25% in population from current numbers and housing will continue to be an important factor, with the majority of the growth centred around Port Macquarie, so having sufficient stock to house such growth makes good sense to acquire this site now and be ready and able to build when the rezoning becomes effective.
If you wish to position yourself for this re-zoning to occur and take advantage of a future development opportunity then you had better call Greg now to seek any further information you may need. There are very few other large land holdings around this precinct so is the time to act.
Rates - $3,155pa
Property History for 56 John Oxley Dr, Port Macquarie, NSW 2444
- 12 Oct 2022Sold for $1,325,000
- 20 Dec 2019Listed for Sale $1,500,000
- 11 Sep 2017Sold for $350,000
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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 28,644 properties. Over the last 5 years, Houses in Port Macquarie have seen a 52.38% increase in median value, while Units have seen a 47.25% increase. As at 31 October 2024:
- The median value for Houses in Port Macquarie is $884,055 while the median value for Units is $571,783.
- Houses have a median rent of $620 while Units have a median rent of $480.
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