4 Rowan AvenueUralla NSW 2358
Property Details for 4 Rowan Ave, Uralla
4 Rowan Ave, Uralla is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 1416m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in September 2018.
Last Listing description (January 2019)
An exceptional opportunity for a developer to acquire a DA approved site for a four lot subdivision (2 x 640sqm and 2 x 770 sqm blocks).
The site is nice and level and has a preferred uniform rectangular shape. It comprises two adjoining lots with street frontages to both Rowan Avenue and Marsh Lane. The property has a total site area of approximately 2832 square metres. It is zoned R1- General Residential.
Two of the proposed four lots have existing dwellings and are therefore already connected to power, water and sewer mains. Both of the existing dwellings enjoy a north-facing aspect (both are currently leased). Number 4 is a two bedroom weatherboard cottage with a single garage returning $185 per week rent. Number 6 is a comfortable three bedroom residence with a double lock-up garage returning $239 per week rent. Both of the existing dwellings present an opportunity for further development.
The site enjoys an enviable position
a 550 metre stroll to the Uralla Golf Club an 18 hole, 70 par course with bar and restaurant facilities
a 550 metre stroll to the Uralla Sporting Complex cricket, basketball, netball, soccer, football facilities etc
Approximate 740 metres from the New England Highway
2 kms from the Uralla Central School
2.2 kms from the Uralla CBD with its fabulous array of pubs, cafes and boutique stores
An easy 14 minute drive to the Armidale Regional airport
A 20 minute drive to Armidale (shopping, public and private hospitals, University etc)
The Development Application was approved 27/06/2017 and lapses on the 27/06/2021 providing a great opportunity to acquire an excellent parcel of land now, prepare for a future development and receive cashflow from rental income in the interim.
It is worth noting that the Uralla property market is currently experiencing average rental yields of 5.9% (source: *** - https://goo.gl/UvNXxm)
Property History for 4 Rowan Ave, Uralla, NSW 2358
- 19 Sep 2018Sold for $170,000
- 04 May 2018Listed for Rent $185 / week
- 05 Sep 2017Listed for Rent $185 / week
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0About Uralla 2358
The size of Uralla is approximately 193.5 square kilometres. It has 3 parks covering nearly 0.3% of total area. The population of Uralla in 2011 was 2,754 people. By 2016 the population was 2,738 showing a population decline of 0.6% in the area during that time. The predominant age group in Uralla is 60-69 years. Households in Uralla are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Uralla work in a trades occupation. In 2011, 73.8% of the homes in Uralla were owner-occupied compared with 71% in 2016.
Uralla has 1,655 properties. Over the last 5 years, Houses in Uralla have seen a 50.87% increase in median value, while Units have seen a 44.66% increase. As at 31 October 2024:
- The median value for Houses in Uralla is $418,198 while the median value for Units is $315,730.
- Houses have a median rent of $450 while Units have a median rent of $280.
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