Property Details for 243 Park Ave, Kotara
243 Park Ave, Kotara is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. While the property is not currently for sale or for rent, it was last sold in March 2025.
Last Listing description (February 2021)
Fantastic First Home or Development Site
Primly positioned in one of the most iconic locales of Kotara, this rare opportunity to secure a development site is now available.
The DA approved and CC ready (CC subject to S.94 & Home Owners Warranty) boutique 4 unit site presents a great opportunity for an incoming developer to capitalise on the booming demand from owner occupiers leaving metropolitan areas seeking a lifestyle change. With the DA approved and the CC only subject to S.94 and Home Owners Warranty the heavy lifting has been done, making it a fantastic opportunity for those looking to take on their first development.
Key features of the site include private access onto a park at the rear, close proximity to Westfield Kotara, public transport, primary and secondary schools, access to John Hunter Hospital and Newcastle CBD.
Additionally, with a formal *Option agreement in place to secure an additional 571sqm of land next door and leverage the approved driveway design to provide access - this site provides the potential for a second stage of additional townhouses.
For detailed information regarding approved Development Application, Construction Certificate and the *Option agreement, please contact the agent.
Rare opportunity to acquire huge site
DA approved for 4 x extremely large high-quality units
Appealing to developers, investors or first home buyers
*Option to purchase further 571m2 from adjacent block
Own access to private park at rear
Property History for 243 Park Ave, Kotara, NSW 2289
- 12 Feb 2021Sold for $650,000
- 19 Jan 2021Listed for Sale Guide $650,000
- 12 Mar 2020Listed for Sale Starting at $655,000
Recent sales nearby
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About Kotara 2289
The size of Kotara is approximately 2.6 square kilometres. There are 18 parks, covering nearly 20.1% of the total area. The population of Kotara in 2016 was 3929 people. By 2021 the population was 3980 showing a population growth of 1.3% in the area during that time. The predominant age group in Kotara is 40-49 years. Households in Kotara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kotara work in a professional occupation.In 2021, 77.60% of the homes in Kotara were owner-occupied compared with 80.90% in 2016.
Kotara has 1,902 properties. Over the last 5 years, Houses in Kotara have seen a 47.15% increase in median value, while Units have seen a 42.28% increase. As at 31 May 2026:
- The median value for Houses in Kotara is $1,117,180 while the median value for Units is $877,205.
- Houses have a median rent of $780 while Units have a median rent of $798.
Suburb Insights for Kotara 2289
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