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Expressions of Interest

3 Bed  •  2 Bath  •  4 Car

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Main view of Homely house listing, 2 Rose Street, Murrumbateman NSW 2582
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Main view of Homely house listing, 2 Rose Street, Murrumbateman NSW 2582
Second view of Homely house listing, 2 Rose Street, Murrumbateman NSW 2582
Third view of Homely house listing, 2 Rose Street, Murrumbateman NSW 2582
Fourth view of Homely house listing, 2 Rose Street, Murrumbateman NSW 2582
Fifth view of Homely house listing, 2 Rose Street, Murrumbateman NSW 2582
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2 Rose Street, Murrumbateman NSW 2582

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Expressions of Interest

  • 3Bed
  • 2Bath
  • 4 Car

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What's around Rose Street

House description

“RARE INVESTMENT OPPORTUNITY - MURRUMBATEMAN SUBDIVISION”

Situated in one of the fastest growing areas in regional NSW, 2 Rose Street, Murrumbateman, offers an unprecedented opportunity to experience a relaxed yet convenient semi-rural lifestyle and to capitalise on the sustainable growth of the village into the 21st century.

Enjoying an abundance of wildlife, the property's location, among the vines in the Yass Valley cool-climate wine district, allows for a 15-minute drive to the regional centre of Yass, and a comfortable 35-minute drive to Canberra's centre (25 mins to Belconnen and Gungahlin).

1. Background and scope to 2 Rose Street, Murrumbateman: 1998 sq. m. (Valuer General's notice of valuation refers) of freehold land is situated on a prime corner location in the historical village of Murrumbateman, a sought-after and tightly held precinct. Offering a peaceful rural aspect, the generously proportioned block with cottage at the higher western end is within walking distance of all essential services and a range of leisure activities.

Conditional development consent( DA200184) was granted in October 2020 by the Yass Valley Council (YVC) to subdivide the property into Lots 1 and 2, under the Torrens Title system, reconfigured as 2 equal-sized 1002 sq.m. lots, each professionally surveyed.

Transport and safety measures currently underway provide for the Barton Highway dual carriageway, linking Melbourne and Canberra, to bypass the village, thereby eliminating through traffic and minimising highway noise.

2. Current Situation: Proposed Lot 1: comprises a 1002m2 surveyed block featuring a single-level weatherboard cottage with galvanised metal roof with new guttering, solidly built in the early 1970s, and substantially renovated in 2018; there is no sign of white-ant activity. To date, this dwelling has been continuously let for more than ten years. The cottage includes:
* 113.37m internal living area, with two x 3.5kw reverse-cycle air-conditioning units;
* 3 x spacious carpeted bedrooms facing east, accessed from a central hallway: two with built-in wardrobes, all with opening sash windows and protective flyscreens. The master bedroom has a new industrial-style ensuite with a walk-in shower recess.
* a fully equipped country-style kitchen with dishwasher, gas cooker and ample storage space, and original Cyprus-pine flooring. The kitchen has backdoor access via a covered portico.
* adjacent dining space opens via French doors onto a generous elevated alfresco deck with uninterrupted views to the east;
* a large light-filled central living room facing east, with French doors opening to the rear yard, and original polished Cyprus-pine floorboards;
* separate good-sized family bathroom;
* serviceable laundry with internal and backdoor access to a large rotary washing line;
* utilities: hot water: gas, LPG storage; cooking: gas stove, electrical oven; electrical lighting in
lounge and kitchen newly rewired.
* water supply: potable: 10,000 litres/2,200 gallons rainwater tank (plumbed to the kitchen only). Non-potable: Murrumbateman village water, piped from Yass, for washing/flushing and garden purposes.
* sewerage: septic system. A connection is in place to attach to the village sewerage system.
* garage/storage/driveway: Two carport spaces are attached to the cottage, plus an original free-standing garage with a door, and a metal storage shed. Driveway access is from South Street (driveway required to be slightly relocated following subdivision).
* zoning and rates: Yass Valley Council $2,249.50 p.a., zoned RU5 (village).
* general services: weekday mail delivery; weekly rubbish collection/fortnightly recycling collection; verges mown sporadically/overhanging trees trimmed; school/bus services to and from Canberra and Yass; NBN broadband 1.
* there is scope for sympathetically extending the original dwelling.

3 Proposed Lot 2: Comprises a 1002 sq.m. surveyed block with no buildings, facing east, on gently sloping terrain towards Rose Street, divided from Lot 1 by a pittosporum hedge along the surveyed boundary.
* Proposed subdivision - conditional development consent (DA200184) was granted in October 2020 by the Yass Valley Council (YVC) - includes fully drawn-up, site-specific architectural plans, approved by Council, for a 3-bedroom/181 m2 new dwelling to be built, with driveway access from Rose Street: that approval terminates 29 October 2025 if no work in line with the current DA has begun, or a new DA is submitted for approval.
* Both lots have been professionally surveyed; a BASIX certificate has been approved for the submitted design for a new dwelling on Lot 2; engineering drawings for sewerage connection, driveway relocation, and footings etc. have been approved for both lots. Additionally, approval has been given for the removal of three large eucalypts on the northern boundary of Lot 2: all supporting documents for the above are available.

** It should be noted that there is no obligation to go ahead with the approved plans and engineering drawings; they are included as a courtesy. However, a new development application (DA) for either a variation to them, or an alternative structure(s) on either lot, will need to be submitted for YVC's approval.

3. Potential for development of 2 Rose Street, Murrumbateman: The proposed subdivision is contingent on a dwelling being constructed on Lot 2 of the block, using either currently approved plans, or new plans following YVC approval. Alternatively, there are a number of options for the development of the site, none of which entails living cheek-by-jowl.

They include but are not limited to:
1. The existing residence on proposed Lot 1 would remain, continuing to provide a steady rental income. In this scenario, proposed Lot 2 could be enhanced with a new dwelling for owner occupation, or lease, and/or eventual sale.
2. Proposed Lot 2 could be developed with a new dwelling, with the block now eligible to be subdivided into Lots 1 and 2, and then both lots sold independently as established properties.
3. The whole property, with 2 dwellings now on it, would suit an extended family purchase, holding separate titles.
4. Larger-scale, low-level development of the entire block, for either sole occupation or dual occupancy.


Appendix: Despite its quiet location, there are extensive village amenities which include: a new primary school; an early childhood centre; dentist; GPs; chemist; rural store; vet; hairdresser; fire station; pub; motel; automotive repairs and registration; cafes; churches; service station/grocery store; butcher; real estate agent; cemetery, bike paths; recreation ground and hall, tennis court fast-food takeaway, and Olleyville Restaurant, 3 mins away. The renowned Murrumbateman Market is held fortnightly, and the hugely popular Murrumbateman Field Days event annually together with a number of wine festivals showcasing the surrounding wineries. A new retail hub will incorporate a bakery, gym, and legal services; self-storage sheds are being erected. Although there is a parcel-pickup service and mailbox, the nearest post offices are in Yass or Hall.

Disclaimer: Town Residential and the vendor cannot warrant the accuracy of the information provided and will not accept any liability for loss or damage for any errors or misstatements in the information. Some images may be digitally styled/furnished for illustration purposes. Images and floor plans should be treated as a guide only. Purchasers should rely on their independent enquiries

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Kostya Logvinov

Town Residential - Belconnen

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Kostya Logvinov

Town Residential - Belconnen
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