1,796SQM | DA APPROVED FOR FIVE DWELLINGS | AUCTION

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10 & 12 Oxley Drive, Mittagong NSW 2575

Auction Guide: $2,000,000

Search Band Search Visibility Band

$2M - $2.2M Low Confidence Calculated based on limited search observations.

House 7 Beds 3 Baths 3 Cars 1796 m²

Listed: 5 days ago

Overview

This unique offering comprises two adjoining properties with a combined land area of approximately 1,796 square metres, situated in a well-established residential pocket of Mittagong. The properties are currently held as existing residences with considerable holding potential, while a Development Application (DA) approval exists for five new dwellings, as well as associated civil and landscaping works, and an approved strata subdivision.

The larger parcel at 10 Oxley Drive is approximately 980 square metres and features a four-bedroom, two-bathroom home, a double garage, and a swimming pool. It is currently tenanted, offering immediate rental income potential. The adjoining 12 Oxley Drive property spans around 816 square metres and contains a three-bedroom cottage with a single garage and a generous rear garden, providing a balance of comfortable living space and outdoor amenity.

The approved DA allows for progressive development, presenting an attractive opportunity for developers or investors looking to capitalize on the town's growth. The approved subdivision allows the five dwellings to be sold individually, enhancing future sales flexibility and potentially maximizing returns.

Positioned close to Mittagong’s town centre, railway station, schools, and other amenities, the location marries convenience with the appeal of an established community. Whether holding the properties for rental income or moving forward with the approved development, the offering presents versatility and scope for value enhancement.

Combined site of 1,796 sqm with dual titles offered together
DA approval for five dwellings with associated strata subdivision
Existing homes currently tenanted, delivering immediate holding income
Swimming pool and garages provide solid amenity and functionality
Close proximity to town centre, transport, and schools

This opportunity suits purchasers seeking a strategic holding asset or developers ready to leverage approved plans in a desirable Southern Highlands locale.

Local Market Insights

In Mittagong, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 16 during the previous 30-day period, with an average advertised asking price of $1,574,661. The property type mix of listed properties is predominantly Houses at 81%, followed by land (13%), and commercial properties (6%). The most active agency for houses in the Mittagong area is currently Ray White, representing 48% of new listings, followed by The Agency with 12%. 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.