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Overview
Located in the growing riverside community of Karuah, this unique offering comprises two adjoining residential lots totaling around 1,840sqm, fully approved for the construction of four architecturally designed residences by Silkwood Homes. The flat, cleared site is primed for immediate development, providing an ideal proposition for builders, developers, or investors seeking to capitalize on a premium location.
The planned residences are thoughtfully designed as two-storey homes, each including four bedrooms and two bathrooms. Notably, these properties face a desirable north-easterly direction, maximizing natural sunlight exposure and offering residents filtered views of the nearby waters from the upper levels. This feature enhances the appeal and livability of the homes, making them attractive for a variety of ownership or investment strategies.
The location is a significant asset, positioned a mere few minutes from the Karuah River. It affords easy access to water-based activities such as boating and fishing, with a public boat ramp just 350 meters away, providing passage to Port Stephens and further. The neighborhood also benefits from convenient access to local parks, a yacht club, a swimming pool, cafés, and other amenities, supporting relaxed and active lifestyles. Furthermore, the site is well situated for scenic trips to popular destinations including Nelson Bay, Soldiers Point, Salamander Bay, Tea Gardens, and Hawks Nest, enhancing the overall lifestyle opportunities.
This approved development opportunity effectively combines location, planning, and versatility, making it suitable for those interested in building to sell or holding homes as investment properties. With approvals secured and construction ready to commence, this is a rare chance to engage with a promising project set within a sought-after waterfront community.
Local Market Insights
In Karuah, Quiet Listings observed 8 new parcels of land entering the market over the last 30 days, down from 13 during the previous 30-day period, with an average advertised asking price of $1,204,875. The property type mix of listed properties is predominantly Houses at 61%, followed by land (20%), and units (8%). Myall Coast Realty was the most active agency in this area, representing 64.4% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Karuah NSW 2324
Market Insights for Karuah NSW 2324
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
