3 Hill Street, PORT MACQUARIE, 2444, New South Wales

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Sold

Sold for $810,000 (Oct 05, 2017)

Developers & Renovators Dream in EAST PMQ

Property ID: 6495969


  • Located in quiet street in popular Eastport

  • Charming older home currently utilised as single residence

  • Previously operated as 2 separate residences & entrances

  • Huge Block lends itself to Multiple Developments STCA

  • Previously DA approved for 9 Unit Development

  • Located a short walk to CBD and popular Beaches

  • Renovators & Developers need to Act Now!

  • Once in a lifetime opportunity to secure this gem

    Located in the much sought after area of East Port, this older style home is awaiting lucky new owners who wish to capitalise on the unique layout and huge block of land.

    The home is currently set up as a single 4 bedroom with 2 bathroom home. Previously it was configured as two separate homes under the one roofline, each with its own private entrance. Those entrances are still in position and with some simple internal renovation the home could again be a two income residence.

    The original rear residence did previously have its own kitchen, and all of the required plumbing is still in place to allow for a conversion back to that layout again. The separate private entrances will allow for two sets of occupants to come and go with little interaction between the parties.

    This property is 100 metres from the Australian Eastern Coastline,and not much further to Flynns Beach. The block has previously been DA Approved for a beautiful 9 Unit Development. The plans and certification for that development are included in the sale. With Port Macquarie’s ongoing lack of affordable accommodation, especially in this sort after part of town, this really is a golden opportunity to establish a multi income cash cow, with the prospect of continued capital growth into the future.

    Every now and then an opportunity arises for the shrewd investor to obtain a hard to find property with unlimited potential. This home would suit all investors and then developers, who can create an immediate dual income property, prior to developing the land into the 9 Unit complex that has been previously approved by council. Now is the time to act and purchase this very rare property, so act now because it will not last.

    To organise your private viewing, please call exclusive marketing agent Gwaine Robinson (02) 6583 2699 or 0467 530627.


Print brochure

Subject: 3 Hill Street, PORT MACQUARIE, 2444, New South Wales

8631.thumbnail

Gwaine Robinson

0467 530 627

www.mapsembed.com

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R&H Suburb SummaryHouses
Number of sales 832
Average Price $546,053
Median Price $520,750
Median Rental Price $440 p.w.
Change in Rental Rate (5yr) 22 %
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Number of sales 558
Average Price $331,308
Median Price $349,000
Median Rental Price $345 p.w.
Change in Rental Rate (5yr) 28 %
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