OFF MARKET

120 Allandale Road
Allandale NSW 2320

Bedrooms: 7
Bathrooms: 3
Car spaces: 7
Land area: 84984m2
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Property Details for 120 Allandale Rd, Allandale

Building Type
Rural
Land Size
84984m2
Local Government
Maitland
Lot/Plan
2/DP1293435

Last Listing description (July 2024)

Located on the fringes of Lochinvar, this operational free-range egg farm has been thriving since 1980. Its prime location offers convenient proximity to the Hunter Expressway, local shops, and wineries. Ideal for a family or partnership, this property is producing an AMAZING income.
Call Cathy Cattell 0414 697 424 to discuss this further.
This property is an excellent land bank for long-term residential development, as it is strategically located across the road from an area already zoned for future residential purposes. With the neighbouring area already designated for residential development, this property presents a prime opportunity for future growth and expansion in the residential sector.

Town water is available on this property - a rare feature for properties of this size.
INCOME: The free-range egg farm is earning a substantial income, which would pay for a manager to run it and still earn you a profit as an owner with 17% yield,
PLUS, you have the 2nd home at the front of the property - Rental income potential of $650 pwk
This property is producing a HIGH YIELD INCOME !! Perfect for investors

The farm is equipped with modern infrastructure, featuring automated systems for feeding, watering, cooling, egg collection, and packing. The previous batch of birds yielded outstanding results over a 15-month period, benefiting from comprehensive support such as feed, packaging, and veterinary assistance.

The primary residence boasts four spacious bedrooms with built-in robes, ceiling fans, and large windows that flood the rooms with natural light. The central timber-style kitchen is well-appointed, showcasing a breakfast bar, stainless steel rangehood, electric stove, and wall oven. The floorplan offers ample living space, including a lounge, dining/family room, rumpus room, and office. Storage needs are met by the double garage and workshop area, perfect for housing vehicles, a small boat, or other recreational equipment. Entertainment is guaranteed year-round with the expansive covered outdoor area and sparkling undercover pool.

A separate manager's residence accompanies the main home, featuring three generously sized bedrooms with built-in robes. It includes a well-designed office, a recently renovated kitchen, and a bathroom with a separate toilet for added convenience. The versatile living areas include a rumpus room, dining rooms, and mudroom, providing ample space for various activities. Additional storage options are available with a double shed and a triple carport.

Noteworthy features of this property include a 110kw solar system, four grain silos, a 55 KVA generator, and a cool room. With nearby residential subdivisions, this property presents an excellent opportunity for income generation and potential future development, subject to relevant approvals (STCA).

Please call Cathy and her team.

Whilst all care has been taken preparing this advertisement and the information contained herein has been obtained from sources, we believe to be reliable, PRDnationwide Hunter Valley does not warrant, represent or guarantee the accuracy, adequacy, or completeness of the information.
PRDnationwide Hunter Valley accepts no liability for any loss or damage (whether caused by negligence or not) resulting from reliance on this information, and potential purchasers should make their own investigations before purchasing.

Property History for 120 Allandale Rd, Allandale, NSW 2320

A timeline of how this property has performed in the market
  • 10 May 2024
    Listed for Sale Expressions of Interest
  • 25 May 2023
    Listed for Sale Expressions of Interest

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About Allandale 2320

The size of Allandale is approximately 10.4 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Allandale in 2011 was 305 people. By 2016 the population was 74 showing a population decline of 75.7% in the area during that time. The predominant age group in Allandale is 50-59 years. Households in Allandale are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Allandale work in a clerical occupation. In 2011, 75.7% of the homes in Allandale were owner-occupied compared with 61.3% in 2016..

Allandale has 65 properties. Over the last 5 years, Houses in Allandale have seen a 66.28% increase in median value. As at 31 August 2024:

  • The median value for Houses in Allandale is $1,451,075.
There are currently no properties listed for sale, and no properties listed for rent in Allandale on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Allandale.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.