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3 Memory Avenue CROOKWELL, NSW 2583

Expressions of InterestCalculate Repayments
Bed Icon4 Bedrooms
Bath Icon2 Bathrooms
Car Icon4 Parking
Unimproved value:A$322,000 (2022-2023)Block size:5ac
Bed Icon4 Bedrooms
Bath Icon2 Bathrooms
Car Icon4 Parking

Exciting Investment Opportunity!

Prime Location with Immense Potential

Discover an unparalleled investment opportunity in a rapidly growing area! This exceptional 5 acre property offers subdivision potential with a proposed plan for 24 generously sized lots ranging from 800m2 to 2000m2. Nestled in an elevated position, this land boasts minimal development costs and is surrounded by other new properties and subdivision developments, making it a prime location for investors and home buyers alike.

Currently, the property features a spacious 4-bedroom, 2-bathroom transportable home, perfect for immediate rental income or comfortable living while you plan your development. The home is equipped with a cozy wood fire and a reverse cycle split system to ensure year-round comfort. Additionally, it includes a 3-car garage and an extra carport, providing ample storage and parking space.

The existing home is estimated to rent for approximately $450-$480 per week, offering a steady income stream while you navigate the subdivision process. This makes it an ideal choice for investors looking for a property with both immediate and long-term returns.

Investment Highlights

· Expansive 5 acre parcel

· Proposed 24 lots ranging from 800m2 to 2000m2.

· Blocks are estimated to retail between $275,000 and $350,000.

· Close to other new properties and subdivision developments.

· 4 bedrooms, 2 bathrooms, wood fire, reverse cycle split system.

· 3-car garage and additional carport.

· Potential rental income of $450-$480 per week.

· Elevated position with cost-effective development opportunities.

Perfect for Investors and Home Buyers

Whether you are an investor looking to capitalise on a booming market or a home buyer seeking a property with more space and future growth potential, this listing is an exceptional opportunity. The combination of subdivision potential, attractive rental income, and prime location makes this property a standout choice.

Don't miss out on this unique chance to secure a valuable asset in a thriving community. Contact us today to arrange a viewing and explore the endless possibilities this property has to offer!

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Inspections

Information about this House

  • Listed on
  • Last updated
  • Property typeHouse
  • Block size5ac (approx)
  • Bedrooms4
  • Bathrooms2
  • Parking spaces4
  • Land valueA$322,000 (2022)
  • Stamp dutyA$76,052
  • RatesA$1,968
* Figures quoted above are approximate values based on available information.

Sales History for 3 Memory Avenue CROOKWELL, NSW 2583

There is currently no sale history available for 3 Memory Avenue.

Local Neighbourhood

3 Memory Avenue CROOKWELL, NSW 2583 has 3 schools within 5 kilometres, with the closest being Crookwell High School.

DistanceSchoolAddress
1.19 kmCrookwell High SchoolCrown Street, CROOKWELL 2583Pin Icon
1.54 kmCrookwell Public SchoolDenison St, Crookwell 2583Pin Icon
1.80 kmSt Mary's SchoolWade Street, Crookwell 2583Pin Icon

About Crookwell

3 Memory Avenue is located within the suburb of Crookwell, which has a population of 2,641, a median age of 50 and an average household density of 2.2 people.

  • 2641Population
  • 50Median Age
  • 2.2Avg. Household Size
Median Sale Price

Household Composition

Established Families
Couples
Single Parent Families
Single
Group Household

Dwelling Types

Houses
Apartments
Semi-Detached
Other

Occupancy Types

Owned w/ Mortgage
Owned Outright
Rented Privately

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Memory Avenue

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Crookwell

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Upper Lachlan

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