Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This extensive development site, known as "Hall's Run", presents a rare opportunity for investors and developers seeking to capitalize on growth prospects in Forbes, New South Wales. Strategically positioned in a regional township with rising housing demand, this land offers significant scale and flexibility that can accommodate both immediate and phased development strategies.
Spanning approximately 7.7 hectares (77,000 sqm), the site is formally approved for residential subdivision with Stage 1 development approval covering 36 residential lots over roughly 4.96 hectares. The subdivision includes thoughtfully designed lots varying in size from 594 sqm to an expansive 2,485 sqm, supported by 18-metre-wide internal roads and integrated infrastructure such as stormwater management and public open space.
With zoning classified as R1 General Residential alongside RE1, the property is well-serviced, featuring essential utilities like water, sewer, and electricity already available on site. The comprehensive planning incorporates multiple street frontages on York Street, Attlee Street, and Churchill Street, enhancing accessibility and connectivity within the growing precinct.
For those seeking a prime residential development with the advantage of council incentives aimed at promoting timely investment, this site is positioned to meet both community needs and developer requirements. The availability of preliminary civil and servicing designs further expedites the pathway from acquisition to construction commencement.
This offering particularly appeals to developers ready to execute a well-planned estate in a regional centre undergoing revitalization and expansion, providing a solid foundation for delivering high-quality housing projects aligned with local growth dynamics.
Local Market Insights
In Forbes, Quiet Listings observed 7 new parcels of land entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $264,771. The property type mix of listed properties is predominantly Houses at 46%, followed by land (33%), and units (4%). The most active agency for land in the Forbes area is currently Ray White, representing 71% of new listings, followed by Michael Robinson & Co Real Estate with 29%. 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 |
|---|---|
| For Sale | |
| For Sale: Upcoming Auction Guide $1,575,000-$1,615,000 |
Location
Market Insights for Forbes NSW 2871
Other properties in this postcode
