Name: 2 Wyndella Road, Lochinvar, NSW 2321
Address: 2 Wyndella Road , NSW, Lochinvar, NSW, 2321
Telephone: +61 402 211 392

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SOLD

2 Wyndella Road, Lochinvar, NSW 2321

Properties / Sold / New South Wales / Lochinvar

Development Potential

1. Property Summary

Property Type

Residential, Agriculture/Rural

Sub Type

Land Site

Land Area

41,710 m² (*approx)

Zoning

RU2 Rural Landscape

Selling Method

EOI: Contact Agent

EOI Closing Date

9 May 2024 04:00PM

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2. Property Highlights

Strategically located site in identified urban growth area

Identified area for urban growth
High population growth precinct
Zoned RU2 Rural Landscape

The property comprises a 4.171 hectare* site with potential residential development upside, strategically located on a key intersection between the Lochinvar and Anambah Urban Release Areas.

The site is currently zoned RU2 Rural Landscape, however is within a future investigation area and identified in the Hunter Regional Plan 2041. The property is currently improved with a brick veneer home, sheds, garage, stables and equine arena.

The population of the city is forecast to grow by an additional 54,800* residents, with an average annual growth rate of 2.4%* to home over 144,550 residents by 2041 (DPE 2022). The annualised growth rate from 2016-2021 was 2.7%*, compared to 1.0% for the Newcastle LGA and 1.3%* for the Hunter Region.

There has been a spike in pricing within the Maitland LGA over 2022 and 2023 due to increased net migration to regional markets post Covid-19, with our research indicating that serviced residential land in the western corridor of the Maitland LGA had a compound annual growth rate (CAGR) of 10.15%* from 2015–2023.

The property is For Sale by Expressions of Interest closing Thursday 9 May 2024 at 4pm (AEST).

For more information, please contact Peter Macadam or Ben Robinson.

*Approximate

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