863 Montpelier DriveThe Oaks NSW 2570
Property Details for 863 Montpelier Dr, The Oaks
863 Montpelier Dr, The Oaks is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 4049m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in February 2017.
Last Listing description (March 2024)
Introducing 863 Montpelier Drive, The Oaks - where opportunity meets prime location. This exceptional property is strategically nestled between the heart of town and the promising Montpelier Grove estate, offering a multitude of possibilities for development or an immediate start on your journey to the perfect home.
The current proposal boasts a division of the land into four generously-sized residential building blocks. Two of these parcels grace the front of the property, while the other two are discreetly tucked away at the rear, with a central driveway providing access. To sweeten the deal, this approval comes complete with meticulously designed plans for luxurious four-bedroom homes to grace each site.
At the core of this enticing offering stands a timeless Victorian cottage, a charming abode featuring four bedrooms, two bathrooms, and a capacious double-sized shed. Adding to the allure, a private pool awaits in the backyard, promising endless hours of family enjoyment. Whether you seek an investment with an eye to the future or aspire to reside in the home while contemplating future development, this opportunity is truly unmissable.
Currently, the home is under a lucrative tenancy agreement, delivering a substantial weekly income of $820, making it an appealing option for astute investors looking to bolster their cash flow.
For those with a vision, Development Application (DA) stamped plans are readily available upon request, ensuring a seamless transition into your dream project.
Key Features of 863 Montpelier Drive:
Sprawling over an acre of land, this property boasts a captivating Victorian home and a refreshing pool.
Conveniently situated within walking distance of schools and local shops, offering the perfect blend of convenience and tranquility.
Approved plans for the construction of four elegant four-bedroom homes, a testament to the property's immense potential.
Presently generating a substantial rental income of $820 per week, providing an attractive financial proposition.
Surrounded by rural vistas, fostering a profound sense of serenity and relaxation.
This property is a true gem, combining space, convenience, and development potential in one coveted package. The Oaks' best-kept secret is now unveiled, and the possibilities are endless. Act swiftly to seize this golden opportunity.
Property History for 863 Montpelier Dr, The Oaks, NSW 2570
- 06 Oct 2023Listed for Sale $1,900,000 - $2,100,000
- 16 Feb 2023Listed for Sale $2,350,000 - $2,550,000
- 27 Oct 2022Listed for Sale $2,580,000 to $2,838,000
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About The Oaks 2570
The size of The Oaks is approximately 38.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of The Oaks in 2011 was 2,439 people. By 2016 the population was 2,520 showing a population growth of 3.3% in the area during that time. The predominant age group in The Oaks is 10-19 years. Households in The Oaks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Oaks work in a trades occupation. In 2011, 82% of the homes in The Oaks were owner-occupied compared with 81.3% in 2016.
The Oaks has 1,210 properties. Over the last 5 years, Houses in The Oaks have seen a 46.66% increase in median value, while Units have seen a 40.39% increase. As at 31 October 2024:
- The median value for Houses in The Oaks is $1,051,601 while the median value for Units is $656,413.
- Houses have a median rent of $615.
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