This could be your oasis of opportunity. Never has a real estate investment been more appropriate - Lot 94 (1.27ha) or Lot 95 (1.29ha) selling for $675 000 each and situated on the Esplanade of Oyster Harbour in the suburb of Lower King.
Secure a magnificent allotment of Lifestyle or Residential blocks - on the waterfront for your dream family home or develop a lifestyle village. Zoned R20 with subdivision potential, two road frontage and ideally situated with schools, shops and the Albany CBD within only a few minutes' drive.
This is definitely not an opportunity to be missed! Take a look at the aerial shots to see for yourself!
The size of Lower King is approximately 9.2 square kilometres. It has 5 parks covering nearly 3.7% of total area. The population of Lower King in 2011 was 1,738 people. By 2016 the population was 1,827 showing a population growth of 5.1% in the area during that time. The predominant age group in Lower King is 10-19 years. Households in Lower King are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lower King work in a professional occupation. In 2011, 79.8% of the homes in Lower King were owner-occupied compared with 82.4% in 2016.
Lower King has 953 properties. Over the last 5 years, Houses in Lower King have seen a 71.52% increase in median value, while Units have seen a 14.24% increase. As at 31 October 2024:
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