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Lot 3/22 Clements Street, Crookwell$198,000
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Lot 3/22 Clements Street

Crookwell, NSW 2583, Australia
$198,000
1557 m²

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About this property

To enquire, please email or call 1300 815 051 and enter code 2633 This land is unlike ANY other you've ever seen, smelled, tasted or even stepped on before. Not only can you walk on it, you can also build on it! Here's the deal: 1 x block of flat land (1,557m2) set in the lovely Crookwell town. This block is tucked away in nature, surrounded by trees and beautiful vistas. (Also - there is a second identical block for sale next to this one if you're interested in expanding your portfolio. The list price is per block). It's currently zoned for medium-density housing (townhouses, duplex etc.) for 800m per dwelling. After checking with a local architect, you can apply to the council to get a variation done to round the land up to 1,600m2, then subdivide the block into 2 x 800m blocks and build 2 x duplexes (i.e. 4 dwellings) and make a great profit. Recent land sold prices (as of October 2024) are sitting around $275-300k for a similar sized block (under different zoning, and in a huge new development where everyone is building). However, there are no services connected to the land yet. The water, sewer, road and power utilities are super close - you can arrange with council to get them connected once you've submitted an approved DA to build. Because there are no services currently connected - I've discounted the land, despite the huge development and investment potential available with this potential subdivision. As for the obvious question If this is such a good deal, why don't I put the services in myself? Simple: Because I moved overseas 3 years ago and it's super difficult to manage a construction project from the other side of the world. I have no plans to return to Australia anytime soon and I'd rather sell it than hold onto it. If I was living in Australia, I'd be developing it myself. So - if you're a developer, a builder or just an ambitious family man (or woman!), this is for you. If that sounds interesting to you, then please - send me a message. - John ------- PS.  I can also provide you with the engineering drawings we had done for the road, sewer etc. free of charge if you buy the land ($6,600 value). P.P.S. None of this is financial/business advice. Do your own research and talk to your own experts. P.P.P.S. More details on the services: Water and Sewer: Connected By Council once a DA has been lodged. Pricing TBC by council. Possibly part of developer contributions. -          Water to be connected to town reticulated water supply 100mm connection to exiting line on Stephenson St (approx. 80m)                                                                                                           -          Sewer to be connected to town sewerage by mains extension extend main from Stephenson or Tait St  (both approx. 180-190m) Roads: Construct from intersection of Stephenson St to frontage of Lot 3 & 4 On Clements St (approx. 90m) -          Minimum 200mm compacted approved gravel -          Minimum 7m wide sealed carriageway (2 coat bituminous seal) -          Mountable Kerbing Electricity: -          Liaise with Essential Energy or other accredited providers as to availability. Would be applicable once a DA has been lodged. The electricity connection is available on the corner of Stephenson St (approx. 70m away). Once the road has been constructed to Council's standards - Council will inherit the assets and will maintain as required. To enquire, please email or call 1300 815 051 and enter code 2633

Property Details

Property Type
land
Listing Type
For Sale
Land Area
1557 m²
Listed
3 months ago

Repayment calculator

$960/month
$480 /fortnight
Loan $158,400 at 6.10% over 30 years

Upfront costs

Deposit$39,600
Stamp duty$3,842
Conveyancing (est.)$2,000
Total upfront$45,442
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Neighbourhood

Living in Crookwell

This land in Crookwell, NSW 2583 sits within reach of public transport, local shops and nearby schools. It is listed 58% below the $470,000 median of 65 comparable landswithin 5 km.

Schools near Crookwell

  • Crookwell Public Schoolprimary · K-6 · CoEd
  • Crookwell High Schoolsecondary · 7-12 · CoEd

What's nearby

  • Spring St at Goulburn St (bus)1.2 km away
  • Metro Petroleum431 m away
  • Apex Park402 m away
  • Unnamed899 m away
  • Pat Cullen Reserve1.3 km away

Crookwell at a glance

Full suburb profile
Population
2,686
Median age
52
Household income
$1,196/wk
Median rent
$280/wk
Median mortgage
$1,356/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Crookwell price trend

Median sold · House 3 bed

Compound growth +7.7% / yr over 4 yrs

$620kcurrent median

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