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2 Parrabel Street, Bega$1.10m
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2 Parrabel Street

Bega, NSW 2550, Australia
$1.10m
7815 m²

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About this property

Set in North Bega on a substantial 7,815sqm parcel, 2 Parrabel Street presents an opportunity to secure a large holding with flexible R5 Large Lot Residential zoning. Formerly the site of the old Bega Motel, this property has been unused for several years, but its real value lies in the scale, zoning, and future potential of the land. The R5 zoning allows for a wide range of opportunities suited to rural lifestyle or enterprise. Permitted uses include a dwelling, home business or home industry, environmental protection works, and several agricultural activities. Potential developments may include education facilities, landscaping material supplies, plant nurseries, pond-based aquaculture, or roadside stalls, subject to council approval. Positioned in the heart of North Bega, the location is highly convenient. The property sits just moments from the highway, close to the well-known Bega Cheese factory, and only a short drive into the Bega CBD. Elevated sections of the land may also capture appealing outlooks across the surrounding area. Properties of this size and zoning within town limits are becoming increasingly difficult to secure. For developers, business operators, or buyers looking for space and flexibility, this site offers the chance to revitalise what was once a well-known North Bega location.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
7815 m²
Listed
3 months ago

Repayment calculator

$5,333/month
$2,666 /fortnight
Loan $880,000 at 6.10% over 30 years

Upfront costs

Deposit$220,000
Stamp duty$40,724
Conveyancing (est.)$2,000
Total upfront$262,724
Verify with NSW revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Bega

This land in Bega, NSW 2550 sits within reach of public transport, local shops and nearby schools. It is listed 52% above the $725,000 median of 67 comparable landswithin 5 km.

Schools near Bega

  • Sapphire Coast Anglican Collegecombined · K-12 · CoEd
  • Bega Valley Public Schoolprimary · K-6 · CoEd
  • Mumbulla School for Rudolf Steiner Educationprimary · K-6 · CoEd
  • Thomas More Christian Montessori Schoolprimary · K-6 · CoEd
  • Bega High Schoolsecondary · 7-12 · CoEd

What's nearby

  • Church St at Carp St (bus)1.8 km away
  • Tradelink Showroom1.7 km away
  • Bega Cheese Apex Park728 m away
  • Unnamed1.2 km away
  • Apex Park1.3 km away

Bega at a glance

Full suburb profile
Population
5,013
Median age
43
Household income
$1,196/wk
Median rent
$320/wk
Median mortgage
$1,408/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Bega price trend

Median sold · House 3 bed

Compound growth +0.3% / yr over 4 yrs

$590kcurrent median

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Price history

Listing price changes

1 price change recorded for this property

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