FOR SALE
$225,000

209 St George Street
Mungindi NSW 2406

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 180m2
Land area: 1416m2
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Investment property on large block opposite police station at Mungindi on the NSW/Queensland border

The Phone Code for this property is: 25991. Please quote this number when phoning or texting.
Unlock the potential of this securely leased home with large front verandah on a sprawling 1400m² freehold block amidst natural beauty
It's positioned opposite the police station in Mungindi, a quiet town in the north-west corner of New England, NSW.
Investment Highlights:
• Secure Income Stream: Currently leased to a reputable local farm business this property generates $295 per week. Rent can be lifted to $600+ per week through a strategic reconfiguration into a four-bedroom shared house or women's refuge (Plans available).
• Development Potential: Run a caravan operation in the large 700m2 backyard (STCA) and/or subdivide the yard with the option of selling it off.
• Prime Location: Opposite Mungindi Police Station for added security. Across the road to the popular Flock Coffee Shop. Just a few steps from essential amenities and recreational spots - 300m from the serene Barwon River, protected by a levee, and close proximity to the Queensland border enhance its appeal.
• Additional Investment Perk: Option to purchase an adjoining 1400m² vacant lot next to a Council-owned bush tract with natural beauty. R1 - Residential zoning allows the vacant land to be used for a motel, backpackers accommodation and/or neighborhood shops. Favorable three-year buy-now-pay-later vendor terms.
• Lifestyle and Convenience: Enjoy the convenience of local facilities all within a short walk: a pub, hospital, library and supermarket. Artesian spa pool. New tennis courts. Racecourse and showground. Golf course. Fishing club. Seventy minute drive to the Sydney train terminus and Moree Airport.
• Energy Efficient Living: Benefit from the installed solar panels, offering sustainable living and reduced utility costs.
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Property Details for 209 St George St, Mungindi

209 St George St, Mungindi is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1416m2 and floor size of 180m2. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
House
Floor Size
180m2
Land Size
1416m2

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About Mungindi 2406

The size of Mungindi is approximately 1,081.2 square kilometres. The population of Mungindi in 2011 was 383 people. By 2016 the population was 141 showing a population decline of 63.2% in the area during that time. The predominant age group in Mungindi is 60-69 years. Households in Mungindi are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mungindi work in a labourer occupation. In 2011, 55.4% of the homes in Mungindi were owner-occupied compared with 66.6% in 2016..

Mungindi has 140 properties. Over the last 5 years, Houses in Mungindi have seen a 101.83% increase in median value. As at 31 October 2024:

  • The median value for Houses in Mungindi is $144,530.
There are currently no properties listed for sale, and no properties listed for rent in Mungindi on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Mungindi.

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