OFF MARKET

857-863 Riverway Drive
Condon QLD 4815

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 23472m2
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Last updated 11 Nov 2024
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Property Details for 857-863 Riverway Dr, Condon

857-863 Riverway Dr, Condon is a 0 bedroom, 0 bathroom House and was built in 1978. The property has a land size of 23472m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
1978
Land Size
23472m2
Local Government
Townsville City
Lot/Plan
7/RP905150

Last Listing description (January 2024)

A TERRIFIC development opportunity, with multiple uses, awaits a shrewd Developer or Investor. A family holding through two (2) generations, this large parcel of residential land is now being presented to the market for the very first time. Property had "conditional" Council Approval (DA) for thirty-five (35) residential housing allotments which lapsed in the latter half of 2022. It comprises two (2) separate Titles and is perched on a major Townsville thoroughfare with significant corner exposure. It is located just 2.4km (approx.) from the Willows Shopping Centre and enjoys prime Riverway Drive & The Ring Road (Riverway Drive Exit) frontage. Ideal acquisition for Developers seeking Subdivision land, Service Stations, Childcare or Aged Home facilities. Suitable too for a private luxury Family Housing Estate, etc. etc.

Additional information includes:
LOT 4: This is the larger allotment at the rear of the property which backs on to an established Parkside Residential Development. It measures approx. 4.198 acres (16,990 sqm or 1.699Ha). An older shed (with store) is located on this Lot.

LOT 7: This is the smaller front corner allotment - and measures approx. 1.6 acres (6,482sqm or .648Ha). An older original residence is located on this Lot - and it will be sold As-Is-Where-Is.
Combined total AREA of both Lots is approximately 5.798 acres (23,472sqm or 2.35Ha).
Annual Townsville City Council Rates are $5,653.62 (approx.).
Site plans, proposed (lapsed) Subdivision layouts, and Townsville City Council correspondence can be made available upon request to genuine and discerning Buyers.
Shoveler Court, a residential street that runs parallel with The Ring Road, provides perfect access into this site.
Town Water; Well; Septic.

Agent Details:
David Reguson - 0438 079 166 / david@reguson.com.au
Rane Reguson - 0439 773 527 / rane@reguson.com.au

Disclaimer: The Reguson Property Group has prepared this information using its best endeavours to ensure that the information contained herein is true and accurate but accepts no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy, or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein.

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Property History for 857-863 Riverway Dr, Condon, QLD 4815

A timeline of how this property has performed in the market
Last Sold
$1,100,000
21 Sep 2023
  • 21 Sep 2023
    Sold for $1,100,000
  • 21 Mar 2023
    Listed for Sale EXPRESSIONS OF INTEREST

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About Condon 4815

The size of Condon is approximately 5.4 square kilometres. It has 8 parks covering nearly 2.6% of total area. The population of Condon in 2011 was 5,866 people. By 2016 the population was 5,772 showing a population decline of 1.6% in the area during that time. The predominant age group in Condon is 0-9 years. Households in Condon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Condon work in a trades occupation. In 2011, 54.6% of the homes in Condon were owner-occupied compared with 55.8% in 2016.

Condon has 2,569 properties. Over the last 5 years, Houses in Condon have seen a 106.69% increase in median value, while Units have seen a 82.69% increase. As at 31 October 2024:

  • The median value for Houses in Condon is $457,817 while the median value for Units is $360,499.
  • Houses have a median rent of $460 while Units have a median rent of $405.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Condon on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Condon.

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