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62 Farrer Street

Parkes, NSW 2870, Australia
$8.50m

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Area Price Guide
$7.99m$9.01m

Indicative price guide range

🏘️
78
Comparable
📊
$560,000
Area median
⚖️
+1418%
vs median
🗓️
1 month ago
Listed

Approximate location shown. Contact agent for exact address.

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Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Parkes population is 14,361 with 20% over 55. Site Western side of Farrer Street, north of Parkes Town Centre Lot 210 on Wd5860, Lot 1 DP 418 212 and Crown land within western boundary Area of 22.54ha R1 Residential Zoning Lot 1 DP 1070980, Lot 1 DP 418212, Lot 2 DP 1070980, Lot 7 DP 113810, Lot 707 DP 750152, Lot 710 DP 750152, Lot 711 DP 750152, Lot 712 DP 750152, Lot 713 DP 750152, Lot 714 DP 750152, Lot 715 DP 750152, Lot 716 DP 750152, Lot 717 DP 750152, Lot 718 DP 750152, Lot 936 DP 750152, Painter and Farrer Streets, Parkes This is a rare find waiting for the right developer to grab this opportunity. Option 1 Housing Estate, offering land or house and land packages Option2 Green field site with a Open Master Plan for over 55s. The information below provides a brief overview of the proposed Parkes Garden Estate Retirement Village. Council have approved the overall development subject only to separate applications for each stage being submitted to Council. Parkes has mining, agriculture and is the transport logistics hub of Australia. 80% of Australians are within 12 hours by road or rail. It also has one of the fastest-growing ageing populations nationally. Timing is also advantageous as it coincides with the development of other major infrastructure and transport projects. Concept: To create a secure, high quality retirement community with excellent amenities, facilities, gardens and landscaped open space. 404 independent living residences, 80 services apartments and 180 bed aged care facility Central Facilities for reception, management, services, indoor dining, indoor and outdoor recreation facilities, landscaped environment and streetscape. Secure site with gated main entry and perimeter fencing softened by landscaped buffers and treatment. 2 Tiered road hierarchies main distribution road "The Parkway" with smaller neighbourhood roads creating small residential precincts. Suitability Property held under one ownership Proximity to existing urban residential land uses Located within the Parkes existing urban road network Within the limits of the town bypass Natural progression of the development of Parkes is in this direction Site is surrounded by road reserves main access off Farrer Street Land can be serviced Land is relatively undulating and substantially cleared Site has good views north and west over rural landscape and distant views south west to elevated mountain ranges The landform provides an interesting landscape that will enable future development to integrate with the unique features of the site. No other sites availability of the size required for this development that can match the suitability of this site. Architectural Design Proposed buildings will be of contemporary design but fit comfortably with the existing architectural character of Parkes Product types and features elements will be mixed to achieve variety of streetscape Mix of attached and detached residential dwellings, designed for visual and acoustic privacy The two level Aged Care Facility will step down the hill to the west and integrate in character with the other buildings on site Central Facilities designed as feature building with a number of pavilions which can be staged to suit the growth of the project Designed in accordance with the principles of SEPP Seniors living Colours and materials chosen to blend with the surrounding environment Landscape Design Sustainability Renewable energy technologies, onsite harvesting of rainwater and subsequent waste water treatment Community provide open spaces and attractive living environments whilst considering the site's overall community Entry Main entry security with controlled gates, create strong sense of arrival, creating view lines to key community facilities Connectivity Hierarchy of streets and paths, provide controlled pedestrian and cycle path connections around the site Streetscape Attractive streetscapes that allow an interesting journey through the site for pedestrians and cars Open Space A variety of spaces for both passive and active use from the formal recreation areas to parks and green spaces Landscape elements Shade, shelter furniture and access for all residents, ensure plant selection respects the local climatic conditions Summary Development meets a demonstrated need for senior accommodation in Parkes Can be adequately serviced with all necessary urban services Able to be developed to minimise impacts on surrounding development and the environment Siting of buildings into neighbourhoods with good open space and landscape amenity has been achieved Proposal does not provide an overly intensive use of the site Efforts made to minimise the impact on the editing amenity and surrounding environment Development is not expected to adversely affect traffic congestion in the area Development will provide a master planned sustainable residential community for seniors

Property Features

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    Repayment calculator

    $41,208/month
    $20,604 /fortnight
    Loan $6,800,000 at 6.10% over 30 years

    Upfront costs

    Deposit$1,700,000
    Stamp duty$528,259
    Conveyancing (est.)$2,000
    Total upfront$2,230,259
    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.

    Property Details

    Property Type
    land
    Listing Type
    For Sale
    Listed
    1 month ago

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