CORNER BLOCK OPPORTUNITY WITH EXCITING FUTURE POTENTIAL

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2 Hibiscus Crescent, West Albury NSW 2640

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$475k - $523k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 2 Cars 616 m²

Listed: 3 days ago

Overview

Positioned on a desirable corner block in West Albury, this residence presents a practical living environment combined with promising future potential. The corner location not only enhances natural light and ventilation but also may offer greater flexibility for subdivision or development, subject to council approval. This makes the property particularly appealing for a broad range of buyers including homeowners seeking a solid family home, investors looking for long-term growth, and purchasers interested in exploring development possibilities.

The home comprises three well-sized bedrooms and a single bathroom, accommodating comfortable living arrangements for individuals, couples, or small families. An open-plan living design encourages practical and efficient use of space which seamlessly blends the living areas, promoting social interaction and easy movement throughout the home.

Two off-street parking spaces add convenience for vehicle owners, while the generous 616 square meter land parcel offers ample outdoor space for gardening, recreation, or future enhancements. The property is currently tenanted, providing immediate rental income potential for investors.

With its combination of solid existing accommodation and exceptional site attributes, this opportunity provides a distinctive avenue for buyers to secure a foothold in the sought-after West Albury locale while considering future expansion or investment growth. Diligent enquiry regarding planning permissions is advised to fully realize the property's subdivision or development options.

Local Market Insights

In West Albury, Quiet Listings observed 66 new houses entering the market over the last 30 days, up from 46 during the previous 30-day period, with an average advertised asking price of $945,939. The property type mix of listed properties is predominantly Houses at 79%, followed by land (8%), and townhouses (5%). The most active agency for houses in the West Albury area is currently Stean Nicholls Real Estate, representing 26% of new listings, followed by Ray White with 23%. 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.