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House
Dual Investment Income And Subdivision Potential
63-67 Middleton Street, South Kempsey, NSW, 2440, Australia
3
2
6
3754 m²
Nearest stations
Kempsey
1.9KM (23 mins)
Property Features
- Open Fire Place
- Air Conditioning
- Reverse Cycle Air Con
About this Property
This unique, large parcel comprises of two individual lots on 3,754 m2, or almost an acre block, and represents a fantastic opportunity for an astute investor or builder to walk into an income producing property with subdivision potential.
Comprising of two dwellings, both council approved, they are both leased to long term tenants who wish to remain.
The first home has three bedrooms, kitchen, lounge, bathroom, air conditioning, and wood-burning fireplace. The second residence is self-contained with a combined lounge/bedroom, and kitchen and bathroom.
Multiple sheds and buildings offer storage and the block is flat with wide front access and vacant land to the rear.
Utilize this opportunity to invest in a suburb that has a strong housing demand, has a tightly held rental market, and is a growing area with new enterprise, business and infrastructure being approved. South Kempsey is growing quickly but still represents great value with median prices consistently climbing.
With close proximity to Crescent Head, South West Rocks and Hat Had beaches and with Port Macquarie and Coffs Harbour only a short commute away this investment ticks all the boxes.
Zoned R1 (General Residential) this parcel is ideal for potential redevelopment into two separate homes, villas, units, or a large home on a substantial sized block (STCA), you can land bank this land whilst still deriving an investment income from it.
The potential to reap the rewards in strong and this property won't last.
Comprising of two dwellings, both council approved, they are both leased to long term tenants who wish to remain.
The first home has three bedrooms, kitchen, lounge, bathroom, air conditioning, and wood-burning fireplace. The second residence is self-contained with a combined lounge/bedroom, and kitchen and bathroom.
Multiple sheds and buildings offer storage and the block is flat with wide front access and vacant land to the rear.
Utilize this opportunity to invest in a suburb that has a strong housing demand, has a tightly held rental market, and is a growing area with new enterprise, business and infrastructure being approved. South Kempsey is growing quickly but still represents great value with median prices consistently climbing.
With close proximity to Crescent Head, South West Rocks and Hat Had beaches and with Port Macquarie and Coffs Harbour only a short commute away this investment ticks all the boxes.
Zoned R1 (General Residential) this parcel is ideal for potential redevelopment into two separate homes, villas, units, or a large home on a substantial sized block (STCA), you can land bank this land whilst still deriving an investment income from it.
The potential to reap the rewards in strong and this property won't last.
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South Kempsey NSW 2440
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Harcourts - Greater Port Macquarie
+ 61 0408 238 203
Dan Edwards
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+ 61 0403 734 529
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More Details on 63-67 Middleton Street, South Kempsey NSW
How many bedrooms and bathrooms does 63-67 Middleton Street, South Kempsey have?
63-67 Middleton Street, South Kempsey is a 3 bedroom, 2 bathroom house.
Who is the agency that listed 63-67 Middleton Street, South Kempsey?
The agency who listed 63-67 Middleton Street, South Kempsey is Harcourts - Greater Port Macquarie - you can contact the agents here.
How many car spots does 63-67 Middleton Street, South Kempsey have?
63-67 Middleton Street, South Kempsey is a 6 car spot home.
How much is 63-67 Middleton Street, South Kempsey?
The price of 63-67 Middleton Street, South Kempsey is Dual Investment Income And Subdivision Potential - contact the agents to find out more.