INVESTOR ALERT!
Very rarely do opportunities like this come along! This 2023m2 block of land has a prime location on the main street of Capella and goes right through to Abor Street making it dual frontage. The property is currently zoned multiple use, shops and combined multiple dwellings, creating options for the savvy investor.
There is currently a large 19m x 9m shed on the property ideal for storing goods until you had developed part of the block. Otherwise knock it down and start fresh with a blank canvas in the heart of town.
The size of Capella is approximately 9.4 square kilometres. It has 1 park covering nearly 1.8% of total area. The population of Capella in 2011 was 925 people. By 2016 the population was 1,006 showing a population growth of 8.8% in the area during that time. The predominant age group in Capella is 0-9 years. Households in Capella are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capella work in a trades occupation. In 2011, 51% of the homes in Capella were owner-occupied compared with 55.1% in 2016.
Capella has 558 properties. Over the last 5 years, Houses in Capella have seen a 18.74% increase in median value, while Units have seen a 136.37% increase. As at 31 October 2024:
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