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61 Banks Street, East Maitland NSW 2323

Listed: 16 days ago
Updated: yesterday
Overview

Located in the established suburb of East Maitland, this 4,754 square meter site offers a rare development-ready opportunity with a DA-approved plan for the construction of 18 attached townhouses. Positioned on a sizeable block zoned R1 General Residential, the site provides the potential for a mix of two and three-bedroom, two-storey homes, designed to cater to a diverse residential market seeking contemporary townhouse living.

The approval includes private garages and visitor parking, streamlining the development process and minimizing planning uncertainties for prospective purchasers. This enables a focus on project execution and construction efficiencies right from acquisition.

East Maitland’s convenient location ensures excellent access to key amenities such as the local CBD, Green Hills Shopping Centre, and the Maitland Hospital, importantly supported by major transport arteries including the Hunter Expressway and New England Highway. The area balances suburban amenity with connectivity, offering developers and residents alike access to essential services and commuting options.

For developers and investors, this site represents a reduced-risk proposition with planning approvals secured, enhancing market entry speed and certainty. It is particularly well-suited for those targeting architects and builders wishing to deliver a quality townhouse project in a growing community context close to established infrastructure and services.

Overall, this development site offers a foundation for a substantial residential project with the benefits of approved plans and a strategic location in East Maitland, primed to meet a broad spectrum of housing needs and investor ambitions.

Local Market Insights

In East Maitland, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $1,150,000. The property type mix of listed properties is predominantly Houses at 64%, followed by land (14%), and units (11%). PRD Nationwide was the most active agency in this area, representing 16.0% 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.

Change History
Headline When
EOI
EOI: Contact Agent
Location
61 Banks Street
East Maitland NSW 2323
Market Insights for East Maitland NSW 2323
New Listings (last 30 days)
4
Average price
$1,150,000
Lowest price
$550,000
Highest price
$2,500,000
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