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Property in Calala NSW 2340

$580,000

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$580k - $609k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 1222 m²

Listed: 59 days ago

Updated: 48 minutes ago

Overview

Located in the desirable suburb of Calala, this sizeable 1,222 square metre property offers a compelling prospect primarily for developers, investors, and owner-occupiers alike seeking growth opportunities.

The site benefits from R1 General Residential zoning, which supports a broad spectrum of residential development possibilities, including the option to redevelop the land or repurpose the existing commercial structures into residential accommodation, subject to council approvals.

Currently, the land houses two separate buildings formerly used for commercial purposes, presenting a solid foundation for renovation or redevelopment efforts. This feature gives the property versatility for creative renovation or redevelopment plans that respond to the increasing demand for quality housing within this established community.

Key features include the substantial land size that not only allows for residential development but also provides ample flexibility to design projects aligned with market demands or personal investment goals. Strategically positioned, the property is close to schools, shopping centers, medical facilities, and the Tamworth CBD, ensuring convenient lifestyle access.

This property is especially suited for buyers looking for development potential or those interested in land banking with a view to future opportunities in a sought-after location.

Local Market Insights

In Calala, Quiet Listings observed 57 new houses entering the market over the last 30 days, up from 56 during the previous 30-day period, with an average advertised asking price of $846,780. The property type mix of listed properties is predominantly Houses at 83%, followed by land (4%), and villas (4%). The most active agency for houses in the Calala area is currently PRD Nationwide, representing 32% of new listings, followed by Elders Real Estate with 21%. 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.