Goldridge Stage 2 sees 65 real estate blocks released

LAND RELEASE: An impression of the entrance to Goldridge Estate. Picture: Supplied
LAND RELEASE: An impression of the entrance to Goldridge Estate. Picture: Supplied

Another 65 residential building blocks have been released in Forbes Shire Council's Goldridge Estate.

The release of Stage Two of the Edward Street development comes after record sales of Stage One, which sold in less than 48 hours.

"Council has developed a carefully considered land release strategy. The Estate will be sold in phases as to not flood the market and impact property values," Forbes Shire Council General Manager, Steve Loane, said.

"The first phase will include 13 lots with a mix of lot sizes and characteristics to appeal to different prospective buyers, from young couples, singles and families.

"The prices also vary depending on size and street appeal.

"They range from $160,000 to $179,000 and are based on Stage One price modelling, real estate valuations and current market conditions.

"Property will be sold on the open market and be facilitated by local real estate agents, including Century 21, Elders, Michael Robertson & Co and Ray White."

Stage Two consists of 65 lots, ranging in size between 743 square metres up to 1333 square metres.

"Council will apply a first in, first served process to the sale of the lots," Mr Loane said.

"This is to ensure the fairest possible system for all.

"Prospective buyers will be able to inspect lots in Stage 2 via an appointment only, due to the site being an active development site.

"Appointments should be arranged with your chosen real-estate agent who will contact Council to arrange a suitable time."

Council is targeting Easter 2022 for completion of Stage One civil works, with water and sewer construction well underway. Road and stormwater infrastructure will commence following the Christmas break.

"We are aiming for Stage Two civil works to be completed by July 2022," Mr Loane said.

"This obviously depends on various factors; Covid-19 restrictions and weather conditions, but we are determined to have the estate ready for our new residents to begin building the homes of their dreams. Settlement can take place once the civil works are complete and the plans are registered."

Each lot has power, NBN connectivity and gas supplied to the lot, ready for connection.

Land shortages in the Forbes township have been addressed by Forbes Shire Council in developing this estate.

"The community have asked for more residential land and Council were in a position to be able to deliver," Mr Loane said.

"This prime real estate is in an elevated position over looking farmland to the west of town. It is within minutes to the CBD and the Lake."

More information on the Goldridge Estate can be found on Councils website: https://www.forbes.nsw.gov.au/residents/moving-here/goldridge-estate

For sales information or inspection contact your preferred real estate agent.