Latest news with #subdivision
News.com.au
3 days ago
- Business
- News.com.au
1960s Highton original gives buyer the chance to unlock value
New owners have found a way to unlock the value in the popularity of a Highton riverside pocket after beating three other bidders to a mid-century home at an auction. There was plenty of interest in the four-bedroom residence at 8 Cara Rd from a mix of buyers, including some looking to turn the house into the 'forever home', Hayeswinckle, Highton agent Michelle Winckle said. But two bidders who saw the potential to capitalise from subdividing the corner block ultimately showed their deeper pockets at Saturday's auction. 'There was four bidders – the last two, that fought it out at the end, turned up on the day,' Ms Winckle said. 'Two of them were looking at for a family home – a forever home,' she said. 'And then the other two were looking at potentially buying it, living in the house, and then subdividing the back.' The latter pair duked it out to the end at Saturday's auction, when the property sold for $862,000. The 842sq m property had been listed with price hopes from $790,000 to $850,000 and sold on a weekend when there was a large amount of buyers in the mix for Geelong properties. 'Homes in good locations – if the vendors are reasonable with their reserve – they will sell,' Ms Winckle explained about the auction. 'It's just about listening to the market and adapting to the market,' she said. 'And, if you're in a good location, I find that all the auction we've done have sold. It's still a very good auction market.' The more than 60-year-old solid brick house hit the market for the first time at Saturday's auction. Ms Winckle said it was a rare property in today's market, as most in the area had already been sold or renovated. The opportunity to renovate, extend or subdivide was the home's main redeeming feature for buyers, she said. The house has two living areas courtesy of a previous extension providing a fourth bedroom and living room behind a carport with direct internal access to the main home. The position of the house leaves a substantial portion at the rear of the block with side access to Bruthen Rd for a second residence, subject to council approvals. There was plenty of original features on show inside, such as the slate mantel surrounding the heater in the loungeroom and the original kitchen cabinets. Cara Rd runs between Mt Pleasant Rd and Barwon Boulevard, opposite Barwon River parkland.
Yahoo
24-05-2025
- Business
- Yahoo
Two subdivisions among items on TRC agenda
Two single-family residential subdivisions will be considered by the Sanford-Lee County Technical Review Committee on May 29. Sky Ridge Estates would result in 28 homes on 16.5 acres on Eddy Drive near Commerce Drive and Lee Avenue in southeast Sanford. The current zoning is SN-9 and the average lot would be 10,000 square feet, according to a planning document. The property owners are Margaret Ann and Mike Thomas of 3806 Lee Ave. Also in that area, a separate 125-unit townhome project proposed by John Woodlief of Cary would connect Commerce Drive with Lee Avenue in advance of the North Carolina Department of Transportation doing so, according to Woodlief, who spoke at a Sanford City Council meeting about his project on May 20. The Thomas family hired local attorney Fred Webb to represent them at the city council meeting, and Webb said, 'We oppose because Lee Avenue is not constructed to handle the amount of traffic' that townhomes would bring. 'This is where the city meets the country.' The requested rezoning from suburban neighborhood (SN-12) to the Lee Avenue Conditional Zoning District for the townhome project will be considered by the Sanford City Council next month. PETTY ROAD SUBDIVISION Terry Stewart of Sterling Developers of Sanford is proposing a 133-lot, single-family subdivision on 58 acres at 3116 Carbonton Road southwest of Sanford near the intersection of Petty Road and Wicker Street. The average lot size would be 9,780 square feet. The land is in Sanford's extraterritorial jurisdiction. It was rezoned in January 2023 to the Petty Road Conditional Zoning District, according to a planning document. The land must be annexed into the city in order to be developed in the manner proposed. Also on the agenda are a Packforce Hangar at the Raleigh Executive Jetport in northern Lee County and a Blossman gas storage building on Cameron Drive near Lee Avenue and Industrial Drive in south Sanford. That latter would be used for propane tank refurbishment for Teddy Donathan and BMER LLC of Sanford. Just because a project is proposed does not mean it will come to fruition.
ABC News
14-05-2025
- ABC News
Subdivision plans near Wharton Beach raise questions from farming community
A farming community in Western Australia's remote south-east has questioned plans for a 300-block subdivision near one of the country's most pristine beaches. Perth-based developer John Bestall wants to create a "holiday village-style" precinct on his 607-hectare property, 770 kilometres south-east of Perth and 60km east of Esperance. His plans, submitted to the Shire of Esperance, propose 1-8ha lots that would suit rural residential living or tourist accommodation, given the famous Wharton Beach and Duke of Orleans Bay are a five-minute drive down the road. He also believes the project would support the future development of a new town site in the area. The Orleans Bay Road property currently contains a tree plantation that would be harvested prior to development. Esperance's current local planning strategy already supports a future town site at Wharton Beach, opposite the existing caravan park. The area is a popular tourist destination with visitors regularly driving from Esperance to fish, camp, surf and see the famous white sand beaches. But the region is remote and has little infrastructure apart from the caravan park and services at Condingup, 25km to the north. With his land currently zoned as rural, Mr Bestall has asked for support to change the classification to allow for additional tourism, conservation and residential use. It also proposes creating "conservation covenants" and leaving 144 hectares as a large rural lot to protect native vegetation. In Condingup, a hub and meeting point for the local farming community, the project has sparked plenty of discussion. Marie Fowler, who farms in the area, believes long-time farmers wanting to retire locally would like the idea, while others would worry about its impact on the existing town. "There's not an option [elsewhere] really to have that lifestyle block, a five-acre block or something a bit bigger," she said. "So I think there is interest from that point of view. But she said there was concern the new precinct may overwhelm Condingup as it could be more than three times its size. She was interested to learn more as the process moved forward. Peter Brown, a retiree who lives at the nearby caravan park, worried the development would put too much pressure on the area and lead to reduced accessibility to the coast. "The Wharton town site, that's been spoken about ever since I can remember. Nothing ever happened with it," he said. "Personally, I don't think it needs to be there." While he said the region desperately needed housing, he believed it should be closer to Esperance or Condingup. "From my perspective I hope it doesn't go ahead," he said. "But … that's maybe just being selfish." Esperance Shire chief executive Shane Burge said if the subdivision was to happen, the developer would be responsible for putting in public amenities such as roads and green spaces. He said the shire would take on responsibility once it was finished, funded through rates paid by new property owners. He said the area would likely also need its own water supply scheme. But he said the idea was still a long way off. "There is [community] concern," he said. "We'll make sure if the planning commission do support it that it's widely put out there [for public feedback]."
