Located only a 260 metre walk to Point Arkwright lookout with a 24.6 metre street frontage and north east facing backyard this rare vacant block offers a unique opportunity to build a spacious duplex in a tightly held location.
Only a few metres from your doorstep you can be walking south along Yaroomba Beach or head North through the bushland tracks to the pristine Bays towards Point Perry.
The current owner has concept plans available for both a duplex and unit development. This is a unique opportunity for an astute buyer.
The size of Point Arkwright is approximately 0.4 square kilometres. It has 5 parks covering nearly 45.3% of total area. The population of Point Arkwright in 2011 was 309 people. By 2016 the population was 280 showing a population decline of 9.4% in the area during that time. The predominant age group in Point Arkwright is 60-69 years. Households in Point Arkwright are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Point Arkwright work in a professional occupation. In 2011, 57.4% of the homes in Point Arkwright were owner-occupied compared with 56.9% in 2016..
Point Arkwright has 213 properties. Over the last 5 years, Houses in Point Arkwright have seen a 98.29% increase in median value, while Units have seen a 103.05% increase. As at 31 October 2024:
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