FOR SALE
POA

11025 The Escort Way
Forbes NSW 2871

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 386ha
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Close to Forbes with Subdivision Potential

Lima is a 954 ac mixed farming operation located east of Forbes on the Escort way 7 km from town. The property has DA approval (DA2023- 0068) for subdivision of 40 ha blocks closest to the Escort way with building entitlement. The DA is approved, but is not registered. The improvements include an old home, power and bore.
Lima is a productive and fertile block with a mix of grey and red loam soils.
The property is currently leased until the crop is harvested, so please note the crop is not included.
The property has a good source of water with frontage to the southern cross water way , several dams and a S&D bore.
The majority of the property is arable and there is an open grazing area that has been fenced off from the cropping country to allow for ease of management for livestock.
Lima would be an excellent additional block or would suit someone looking to secure country close to town with subdivision potential.

Property Details for 11025 The Escort Way, Forbes

Building Type
Rural
Land Size
386ha

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About Forbes 2871

The size of Forbes is approximately 980.3 square kilometres. It has 21 parks covering nearly 0.2% of total area. The population of Forbes in 2011 was 7,559 people. By 2016 the population was 8,435 showing a population growth of 11.6% in the area during that time. The predominant age group in Forbes is 0-9 years. Households in Forbes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forbes work in a professional occupation. In 2011, 66.7% of the homes in Forbes were owner-occupied compared with 68.3% in 2016.

Forbes has 5,195 properties. Over the last 5 years, Houses in Forbes have seen a 68.34% increase in median value, while Units have seen a 61.89% increase. As at 31 October 2024:

  • The median value for Houses in Forbes is $350,805 while the median value for Units is $290,967.
  • Houses have a median rent of $400 while Units have a median rent of $255.
There are currently 87 properties listed for sale, and 14 properties listed for rent in Forbes on OnTheHouse. According to CoreLogic's data, 189 properties were sold in the past 12 months in Forbes.

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