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Sold on 07 Aug 2024 for $815,000

16 Gwen Parade
Raymond Terrace NSW 2324

Bedrooms: 3
Bathrooms: 1
Car spaces: 11
Land area: 1448m2
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Property Details for 16 Gwen Pde, Raymond Terrace

16 Gwen Pde, Raymond Terrace is a 3 bedroom, 1 bathroom House with 11 parking spaces. The property has a land size of 1448m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Raymond Terrace in the last 12 months.

Building Type
House
Land Size
1448m2
Local Government
Port Stephens
Lot/Plan
2/DP526661

Last Listing description (August 2024)

Nestled in the heart of Raymond Terrace, NSW 2324, '16 Gwen' presents a golden opportunity for developers, builders, and investors with a vision for expansive land use. This charming three-bedroom house occupies a substantial plot of 1,448 square meters, boasting a significant 23-metre frontage and the added benefit of development approval (DA) to subdivide.

The approved DA facilitates the creation of an additional allotment at the rear, while the existing home remains securely positioned at the forefront on its own separate title. This strategic arrangement offers the perfect blend of immediate occupancy and future development potential, allowing for the construction of several properties within the spacious backyard.

The residence itself exudes the classic warmth of a family home, featuring three well-proportioned bedrooms and a single bathroom, ready to be infused with a personal touch or reimagined entirely to suit contemporary tastes. Aesthetically pleasing and practical, this abode serves as an appealing proposition for those seeking to retain a dwelling while capitalizing on the land's development prospects.

An extraordinary feature of 'Gwen' is the immense garage facility, with the capacity to accommodate up to 11 vehicles, ensuring ample parking for future occupants or as a considerable asset for trades and storage during the development phase.

For the astute investor or builder, the sheer size and versatility of this landholding, coupled with its development clearance, offers an exceptional chance to realize multiple revenue streams. '16 Gwen Parade' is not just a home, but a canvas for innovation and growth in a locale ripe for revitalization.

Disclaimer:
All information contained in this listing is provided to Global Property by the third parties, and is intended as a guide only. No warranty is given as to it's accuracy and purchasers should rely on their own inquiries.

Property History for 16 Gwen Pde, Raymond Terrace, NSW 2324

A timeline of how this property has performed in the market
Last Sold
$815,000
07 Aug 2024
Listed for Rent
$520/w
14 Mar 2022
  • 19 Jul 2024
    Sold for $815,000
  • 08 Jul 2024
    Listed for Sale Under Contract
  • 07 Mar 2022
    Listed for Rent $520 / week
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About Raymond Terrace 2324

The size of Raymond Terrace is approximately 33.8 square kilometres. It has 27 parks covering nearly 34.7% of total area. The population of Raymond Terrace in 2011 was 12,724 people. By 2016 the population was 12,788 showing a population growth of 0.5% in the area during that time. The predominant age group in Raymond Terrace is 0-9 years. Households in Raymond Terrace are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raymond Terrace work in a trades occupation. In 2011, 58.9% of the homes in Raymond Terrace were owner-occupied compared with 57% in 2016.

Raymond Terrace has 6,666 properties. Over the last 5 years, Houses in Raymond Terrace have seen a 60.72% increase in median value, while Units have seen a 69.34% increase. As at 31 October 2024:

  • The median value for Houses in Raymond Terrace is $552,529 while the median value for Units is $458,193.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 49 properties listed for sale, and 14 properties listed for rent in Raymond terrace on OnTheHouse. According to CoreLogic's data, 240 properties were sold in the past 12 months in Raymond terrace.

Suburb Insights for Raymond Terrace 2324

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Contact agent
Darcy Mercieca
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Global Property International - Warners Bay
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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.