FOR SALE
$230,000

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Hanging Rock NSW 2340

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Forgotten world

This 2.6 acre vacant lot in the village of Hanging Rock once featured lush gardens, a labour of one dedicated man. The remnants of gardens beds, rock walls and mature oak and pine trees is not something you generally find on vacant land. The block is overgrown, but with a trim and a clean, and a few bonfires with friends, it can be brought back to parkland like state. Many deciduous trees which thrive in cool Hanging Rock climate provide spectacular autumn colours.
What a setting for your dream home or weekender cabin!
Featuring views from the elevated portion and a good mobile reception to boot, it is located within a walking distance to Sheba dams and a short 8 minute drive to Nundle.
The rapidly growing city of Tamworth is only 50 minutes away.
For astute investor, the zoning allows a subdivision into 5 allotments with dwelling entitlement for each.
Council rates are $900 per annum.

Property Details for Contact Agent For Address, Hanging Rock

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Land

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About Hanging Rock 2340

The size of Hanging Rock is approximately 313.7 square kilometres. It has 10 parks covering nearly 54.4% of total area. The population of Hanging Rock in 2011 was 598 people. By 2016 the population was 99 showing a population decline of 83.4% in the area during that time. The predominant age group in Hanging Rock is 60-69 years. Households in Hanging Rock are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Hanging Rock work in a managers occupation. In 2011, 72% of the homes in Hanging Rock were owner-occupied compared with 71.4% in 2016..

Hanging Rock has 156 properties. Over the last 5 years, Houses in Hanging Rock have seen a 93.93% increase in median value, while Units have seen a -15.16% decrease. As at 31 October 2024:

  • The median value for Houses in Hanging Rock is $422,975 while the median value for Units is $460,742.
There are currently 2 properties listed for sale, and no properties listed for rent in Hanging rock on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Hanging rock.

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Alena Lavrushkina
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IMACKA PROPERTY & LIVESTOCK
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