LOT Lot 1/79 TENNANT STREET, Bellbird, NSW 2325

LOT Lot 1/79 TENNANT STREET, Bellbird, NSW 2325 For Sale: Prime 1.5 Acre Land in Cessnock, Bellbird

To enquire, please email or call 1300 815 051 and enter code 1180

Discover the perfect opportunity to invest in the growing area of Cessnock, Bellbird. This flat and clean 5985sqm parcel of land is ideally located close to the public school and just an 8-minute drive to Cessnock CBD. Enjoy convenient access to Maitland CBD in 37 minutes, Stockland Greenhills in 35 minutes, and Newcastle CBD in 59 minutes. The area offers a variety of shopping, cafes, and a local hospital.

Conveniently located with easy access to several expressways, this property provides an easy commute to Newcastle and is a short drive to the renowned Hunter Valley vineyards, where you can indulge in exquisite fine dining.

Why Cessnock?

Cessnock is a vital hub of the Hunter Valley, one of Australia?s oldest and best wine regions. Known for its picturesque views, sweeping valleys, and sprawling fields, the region boasts a stable wine industry and is a popular tourist destination. For that, Cessnock council also announced the Cessnock Airport Strategic Plan.

The Cessnock area has experienced steady population growth, increasing from 54,303 in 2013 to 67,591 in 2023 ? a 24% increase over 10 years, with a compound growth rate of 2.2% per year, surpassing NSW?s 1.2% and Sydney?s 1.5%.

Investment Potential

1. With continuous growth, more rural land in this area is being zoned for R2 residential use. This land, located next to the R2 zoning, has a high potential for future rezoning.

2. A glance at Google Maps shows that the property is within a favourable zone, surrounded by large, attractive homes with swimming pools to the west and other nice houses to the east.

3. White background on Google map also shows that it is a part of the city, instead of the pure farming area.

4. For investors and land bankers, the RU zoning provides a significant tax advantage as it does not require land tax.

5. The property also has the potential for constructing resorts, hotels, restaurants, or running other businesses (subject to council approval)

6. It may fulfill some investors visa requirement such as visa 132.

Market Value

Nearby lots of only 750 sqm are selling for $340,000, valuing the land at approximately $450 per sqm. This is an exceptional buy in a rapidly developing area.

Don't miss out on this unique investment opportunity. Contact us today for more details.

To enquire, please email or call 1300 815 051 and enter code 1180