36 Milligan StreetTaree NSW 2430
Property Details for 36 Milligan St, Taree
36 Milligan St, Taree is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1347m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Taree in the last 12 months.
Last Listing description (October 2024)
Fresh to the market, 36 Milligan Street is an expansive 1347sqm parcel of land with loads of development potential. With an existing two bedroom house on-site and concept plans for five units mapped out (Subject To Council Approval), this property is primed for transformation and offers a rare opportunity for visionary developers and astute investors alike.
The two bedroom house provides an opportunity for some rental income whilst waiting to build. Picture the endless future potential, spanning from modern villas to inviting townhouses, meticulously crafted to fulfil your individual needs and vision.
Key features of the property include:
- 20.11m (approx.) of street frontage with a depth of 67.19m (approx.)
- R1 General Residential Land Zoning
- Existing dwelling features two bedrooms plus a sunroom, functional kitchen and bathroom with a single car garage
- For the savvy investor, delight in the prospect of earning an estimated rental income of $340 - $360 per week, while affording yourself the time to secure development consent for the land
Conveniently positioned just 2.3km from the Taree CBD, this property is situated in a family-friendly neighbourhood, also close to Chatham IGA Shopping Centre, Schools, Parks, Taree Leagues Bowling Club and Fays Twin Cinema all within a 1.3km radius. Act now to secure this affordable and exceptional opportunity. Contact Justin Atkins on 0417 955 176 or Kelly Sawyer on 0421 025 081 for further details or visit us at one of our upcoming open homes.
Property History for 36 Milligan St, Taree, NSW 2430
- 18 Oct 2024Sold
- 23 Apr 2024Listed for Sale Sold
- 20 Feb 2024Listed for Rent $330 / week
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About Taree 2430
The size of Taree is approximately 47.8 square kilometres. It has 44 parks covering nearly 5.7% of total area. The population of Taree in 2011 was 15,848 people. By 2016 the population was 16,214 showing a population growth of 2.3% in the area during that time. The predominant age group in Taree is 60-69 years. Households in Taree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taree work in a professional occupation. In 2011, 59.7% of the homes in Taree were owner-occupied compared with 58.5% in 2016.
Taree has 9,592 properties. Over the last 5 years, Houses in Taree have seen a 62.82% increase in median value, while Units have seen a 38.13% increase. As at 30 September 2024:
- The median value for Houses in Taree is $462,320 while the median value for Units is $342,987.
- Houses have a median rent of $460 while Units have a median rent of $350.
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