620 Pacific HighwaySouth Kempsey NSW 2440
Property Details for 620 Pacific Hwy, South Kempsey
Last Listing description (December 2022)
This block is predominantly a 'bush block' with a zoning of RU2, has access just off the 'off' ramp if you were heading across to the Service Centre on the opposite side of the highway at South Kempsey. The property is approx. 25.24ha and is slightly undulating.
Given it is predominantly fully treed it is currently not being used for any purpose.
The land where the Service Centre sits has been zoned industrial for many years, so could there be a possibility at some stage in the future for this property to be re-zoned and become a Service Centre on the western side of the highway?? I can't answer that. We have seen what happened further South with the Taree Service Centre. That land had to be re-zoned and yes took some time for approvals to occur but was also rural land. As we stand right now if a potential buyer were looking at this it would be buy and hold.
The property is non income producing BUT as it is well treed there could be considerable value in those trees and a meeting with the local Council may determine what could occur.
This is a rare opportunity to now secure such a holding so close to local amenities and determine what you may wish to do with it in the future.
For further details call Tony on 0429 838800
Rates - $1,509pa
Property History for 620 Pacific Hwy, South Kempsey, NSW 2440
- 22 Aug 2022Sold for $950,000
- 17 Aug 2022Listed for Sale Contact Agent
- 08 Oct 2020Sold
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0About South Kempsey 2440
The size of South Kempsey is approximately 66.3 square kilometres. It has 8 parks covering nearly 28.7% of total area. The population of South Kempsey in 2011 was 2,466 people. By 2016 the population was 2,309 showing a population decline of 6.4% in the area during that time. The predominant age group in South Kempsey is 0-9 years. Households in South Kempsey are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Kempsey work in a professional occupation. In 2011, 59.4% of the homes in South Kempsey were owner-occupied compared with 62.3% in 2016.
South Kempsey has 1,566 properties. Over the last 5 years, Houses in South Kempsey have seen a 53.91% increase in median value, while Units have seen a 71.35% increase. As at 31 October 2024:
- The median value for Houses in South Kempsey is $421,603 while the median value for Units is $404,821.
- Houses have a median rent of $460 while Units have a median rent of $350.
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