67 Middleton StreetSouth Kempsey NSW 2440
Property Details for 67 Middleton St, South Kempsey
67 Middleton St, South Kempsey is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 3755m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in South Kempsey in the last 12 months.
Last Listing description (May 2024)
This unique, large parcel comprises of two individual lots on 3,754 m2, or almost an acre block, and represents a fantastic opportunity for an astute investor or builder to walk into an income producing property with subdivision potential.
Comprising of two dwellings, both council approved, they are both leased to long term tenants who wish to remain.
The first home has three bedrooms, kitchen, lounge, bathroom, air conditioning, and wood-burning fireplace. The second residence is self-contained with a combined lounge/bedroom, and kitchen and bathroom.
Multiple sheds and buildings offer storage and the block is flat with wide front access and vacant land to the rear.
Utilize this opportunity to invest in a suburb that has a strong housing demand, has a tightly held rental market, and is a growing area with new enterprise, business and infrastructure being approved. South Kempsey is growing quickly but still represents great value with median prices consistently climbing.
With close proximity to Crescent Head, South West Rocks and Hat Had beaches and with Port Macquarie and Coffs Harbour only a short commute away this investment ticks all the boxes.
Zoned R1 (General Residential) this parcel is ideal for potential redevelopment into two separate homes, villas, units, or a large home on a substantial sized block (STCA), you can land bank this land whilst still deriving an investment income from it.
The potential to reap the rewards in strong and this property won't last.
Property History for 67 Middleton St, South Kempsey, NSW 2440
- 22 Mar 2024Sold for $330,000
- 19 Jan 2024Listed for Sale $400,000
- 24 Aug 2022Sold
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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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