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Overview
This substantial 1,011 square meter land parcel in the heart of Kurri Kurri represents a compelling proposition primarily for developers and investors seeking growth opportunities in the Hunter Valley region. The existing residence currently generates rental income, providing an interim return while long-term development or subdivision plans are considered.
A key advantage of this property is its prior Development Application (DA) approval for a six-unit complex, which offers insight into the potential for multi-dwelling development subject to council approval. Its location offers convenient access, situated just a short four-minute drive from the Hunter Expressway, enabling swift connectivity to the Upper Hunter, Newcastle, and Sydney.
This sizeable allotment is ideally suited for those interested in redevelopment, land subdivision, or pursuing other creative development options. The emphasis on the land's value highlights its appeal as a significant asset amid an established and expanding community.
- Generous landholding providing flexibility in development potential.
- Prior approvals suggest a clear path to multi-unit development.
- Opportunity to capitalize on an area demonstrating measurable growth within Hunter Valley.
- Diverse development avenues subject to council approval.
Such development sites with previous multi-unit approvals are increasingly rare, making this offering particularly notable for forward-thinking investors and developers looking for a strategic foothold in this growth corridor.
Local Market Insights
In Kurri Kurri, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $525,000. The property type mix of listed properties is predominantly Houses at 60%, followed by land (40%). The most active agency for land in the Kurri Kurri area is currently PRD Nationwide, representing 50% of new listings, followed by Peters Real Estate with 50%. 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
Market Insights for Kurri Kurri NSW 2327
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