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Lot 3/22 Clements Street

Crookwell, NSW 2583, Australia
$198,000
25831557m²

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Area Price Guide
$186,120$209,880

Indicative price guide range

🏘️
55
Comparable
📊
$550,000
Area median
⚖️
-64%
vs median
📐
$0
Per m²
📏
25831557 m²
Land
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

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

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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 Features

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    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
    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
    Land Area
    25831557m²
    Listed
    2 months ago

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