13-15 Franklin Street
Karuah, NSW 2324

Overview

DA Approved Development / Sub Division

This property presents a unique opportunity in the heart of Karuah, a picturesque north coast town located on the Port Stephens waterway where the Karuah River meets the greater harbour of Port Stephens. The offering consists of two adjacent residential lots, each approximately 920 square meters, combining for a total land area of about 1839 square meters.

Situated less than 200 meters from the town center and within a short 250-meter stroll to the local boat ramp, this location is ideal for boating enthusiasts and those who appreciate waterfront lifestyle activities such as jet skiing and fishing. The proximity to these amenities enhances the appeal of the site for both residential living and recreational purposes.

There is an approved Development Application (DA) for subdivision and construction of four homes on the site. Each home is designed to feature four bedrooms, two bathrooms, and a double garage, spread over two storeys. The architectural design emphasizes maximizing natural light and ventilation, with all living areas oriented to the north-east to capture sun exposure and sea breezes. The second storey of each home is planned to offer partial water views of the river, enhancing the living experience.

The homes are designed by Silkwood Homes to optimize indoor-outdoor living, a concept that blends the interior spaces with outdoor environments, perfect for the coastal climate and lifestyle. Upon completion, each parcel will have a Torrens Title, meaning individual ownership without strata fees, providing buyers with clear and independent property titles.

This development opportunity is suitable for buyers looking to build for profit by developing and selling the homes, or for those who wish to retain one property and sell the remaining three. The pricing equates to approximately $250,000 per lot, presenting a valuable investment in a sought-after location.

Karuah offers a tranquil lifestyle with access to local schools, parks, and community amenities. Nearby government schools include Karuah Public School, Tanilba Bay Public School, Soldiers Point Public School, and Wirreanda Public School. Private education options are also available in the vicinity, such as Medowie Christian School and Catherine McAuley Catholic College. Local parks like Longworth Park and Memorial Park provide recreational spaces for residents.

This property is a rare gem in a central location, combining the benefits of a peaceful coastal town with the convenience of nearby facilities and water access. It is an excellent opportunity for developers, investors, or families seeking to build a custom home in a vibrant community.

Location