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Huge Land Sale Package of 3 Titles R3 Medium Density 10, 421sqm

Greenhill, NSW 2440, Australia
$860,000

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Area Price Guide
$808,400$911,600

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51
Comparable
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$499,000
Area median
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+72%
vs median
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2 months ago
Listed

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

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About this property

An extremely rare opportunity and an extremely lucrative opportunity. Rare in that, in 22years of selling here in the Macleay Valley, this is the first time I've seen R3 land on offer. Offered only as a package you buy the 3, then you can sell off any lot/s you don't need if you wish. Build one dwelling on each block or build multiple, that's up to you. Build your house by house, over years or all at once, your choice. What an amazing opportunity. - R3 Medium Density zoning - 10, 421sqm in total - Lot 218 2,428sqm - Lot 220 1,328sqm - Lot 221 6,665sqm - Flood-free site - Council roads on 3 sides - Power, town water, sewer services directly available from adjacent road reserve - Kempsey Hospital 1km - West Kempsey shopping 2km - Kempsey town center shopping 3km Recent government reforms: What is the difference between R2 and R3 zoning in NSW? R2 zoning allows for low-density housing (single-family homes), while R3 permits medium-density housing (townhouses and apartments). Kempsey Shire Council's R3 zoning stands for Medium Density Residential, which allows for the development of housing like townhouses, duplexes, and low-rise apartments to accommodate population growth. This zoning is part of the Kempsey Local Environmental Plan 2013, and rules for development are further detailed in the Kempsey Shire Council's Development Control Plan (DCP) and other planning documents. Recent state government reforms may also open up new opportunities for multi-dwelling development in R3 zones under certain conditions. What it means: Purpose: The R3 zone is designed to encourage a mix of housing options to meet the needs of a growing population. Development: It permits a range of housing types, such as villas, townhouses and low-rise apartment buildings. Governing documents: The R3 zoning and its development requirements are governed by the Kempsey Shire Council's local planning policies and the state's environmental planning instruments. Where to find more information: Local Planning Documents: For specific details on what is permitted in an R3 zone, you should consult the Kempsey Shire Council's Development Control Plan (DCP) and the Kempsey Local Environmental Plan 2013. Call any day/anytime.

Property Features

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    Repayment calculator

    $4,169/month
    $2,085 /fortnight
    Loan $688,000 at 6.10% over 30 years

    Upfront costs

    Deposit$172,000
    Stamp duty$29,354
    Conveyancing (est.)$2,000
    Total upfront$203,354
    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
    2 months ago

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