FOR SALE
$2,500,000

1041 Balladoran Railway Road
Gilgandra NSW 2827

Bedrooms: 5
Bathrooms: 1
Car spaces: 2
Land area: 461.5ha
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Quality Mixed Farming Asset

LAWD is pleased to present for sale Astermead (the Property), a highly productive and well-appointed mixed farming property situated in the tightly held district of Gilgandra, within the Central West Slopes and Plains of New South Wales.
Key Investment Highlights include
Scale
Encompassing 461.5* hectares (1,140.3* acres)
Opportunity
The current season has established a body of feed for the new owners with lucerne, clover and native grasses. Additionally 45* hectares of faba beans and 42* hectares of oats undersown with lucerne have been planted this year.
Rainfall and Water
The water security of the Property is a feature, being from multiple sources including a network of 11* surface dams with large catchments, rainwater storage for the homestead and a 240-volt equipped underground bore. Average annual rainfall of 566* millimetres.
Soils
Good balance of soil types offering a mixture of black to grey self-mulching soils and red loams. Cropping and grazing rotations have been implemented for diverse income streams and soil improvement with crop areas ranging from 75%* to 95%* of the Property, previous cropping rotations have included wheat, barley, oats, faba beans and chickpeas. Fertiliser history has been consistent with 40* kilogram Urea and 60* kilogram MAP applied to all cereal crops.
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Property Details for 1041 Balladoran Railway Rd, Gilgandra

Building Type
Rural
Land Size
461.5ha

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About Gilgandra 2827

The size of Gilgandra is approximately 656.5 square kilometres. It has 18 parks covering nearly 0.5% of total area. The population of Gilgandra in 2011 was 3,144 people. By 2016 the population was 3,127 showing a population decline of 0.5% in the area during that time. The predominant age group in Gilgandra is 50-59 years. Households in Gilgandra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gilgandra work in a community and personal service occupation. In 2011, 65.4% of the homes in Gilgandra were owner-occupied compared with 64.1% in 2016.

Gilgandra has 1,892 properties. Over the last 5 years, Houses in Gilgandra have seen a 104.76% increase in median value, while Units have seen a -31.15% decrease. As at 30 November 2024:

  • The median value for Houses in Gilgandra is $246,426 while the median value for Units is $236,892.
  • Houses have a median rent of $323.
There are currently 5 properties listed for sale, and no properties listed for rent in Gilgandra on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Gilgandra.

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Mark Mudford
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Col Medway
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