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Orange property on the market for the first time in over 70 years
March 28, 2023
By Peter Holmes
The last time this property on Phillip Street in Orange was on the market, over 70 years ago, the city had a population of around 15,000.
Orange's population has nearly tripled since the 1950s to 43,000, and you can be sure the value of the property has done that and much more.
Positioned near the Northern Distributor Road, the 1.81-hectare plot is ripe for subdivision. It is being pitched to developers and investors.
According to the listing agents the property is zoned R2 (large residential lot), which means the minimum block size allowed when subdividing is 2,000 square metres.
This would allow up to nine blocks to be created on the site.
There is a two-bedroom weatherboard home, which was rewired in 2021 and has had a new roof put on.
A newish steel frame shed measures 18m x 12m x 4m and has 4.5-metre bays with sliding doors.
There are also two older sheds - one with stables and cattle yards attached.
A 22,000-litre rainwater tank supplies drinking water for the house, and there is a six-metre-deep drought-proof well.
Town water to boundary.
The property will be auctioned on Friday May 5, 2023 at 10.30am in Bathurst.
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