16 Gwen Parade, Raymond Terrace NSW 2324
16 Gwen Parade, Raymond Terrace NSW 2324
Large block with subdivision approval | 3-bed house on quiet street | Positioned for developers or builders | Substantial 1448m² lot
This property presents a clear opportunity based on its land value and development approval. The substantial 1448m² lot with a 23-metre frontage and existing DA for subdivision makes it a strategic purchase for a builder or developer seeking a low-entry project in a settled location. The existing house provides basic accommodation or rental income during planning phases, but the primary value is in the land’s potential.
Proceed with the understanding that you are purchasing a development site, not merely a house. The commercial logic relies on executing the subdivision, carrying all associated holding costs, construction outlays, and approval risks. For a builder-developer, this is a viable project. For a passive investor, it is a speculative land bank. Secure a detailed review of the DA conditions and a current pest report before any commitment.
Independent, Unbiased Research Report for this property by PropCred Analyst team
URL has been copied successfully!
Market Insight:
Raymond Terrace offers accessible entry into the Hunter Region, attracting a diverse mix of families, first-home buyers, and investors drawn by its relative affordability compared to major capitals. Demand is underpinned by strong long-term capital growth, with recent annual price increases reflecting a robust and active market where houses sell quickly. Future prospects are supported by ongoing regional development, though current valuations are assessed as elevated above historical trends, presenting a key consideration for price sensitivity.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
-
Bathroom
1
Parking
-
Land
Assessments Delivered Today
URL has been copied successfully!