495 Reynolds RoadBackmede NSW 2470
Property Details for 495 Reynolds Rd, Backmede
495 Reynolds Rd, Backmede is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1702000m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
Last Listing description (March 2021)
This exceptional rural property located in the Backmede District is a quality property rarely offered for sale. Consisting of 545 acres the property is located less than 10 minutes from the Casino Post Office and only 4km from the Northern Rivers Regional Livestock exchange.(Casino Saleyards).
Situated on the property is a three/four bedroom brick veneer home which is currently rented. Also located on the property is a large 18m x 12m machinery shed, large steel cattle yards and two concrete silo's. The majority of the fencing is in excellent condition, recently renewed with concrete posts. There are five dams which are ideally located over the property. The main dam has a solar pump which pumps to a large underground holding tank which gravity feeds to water troughs.
The majority of the land consists of black pug soil with some sandy hill soil. Approximately 450 acres would be suitable for cropping with the property currently utilised to produce beef cattle. The property has the capability to run 190 breeders under good management with the ability to increase this number.
The property has two titles and at the current listed price equates to approximately just over $3500 per acre - which is well below current market value. The property would be suitable for further sub division (STCA) and with its close proximity to Casino this land would be in high demand.
This property has it all, with sufficient timber for shade, old dairy and bales for storage and internal fencing for cattle management.
Inspection by appointment only.
Property History for 495 Reynolds Rd, Backmede, NSW 2470
- 03 Mar 2021Listed for Rent $380 / week
- 13 Oct 2020Sold for $1,850,000
- 08 Jul 2020Sold
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About Backmede 2470
The size of Backmede is approximately 29.7 square kilometres. The population of Backmede in 2011 was 274 people. By 2016 the population was 141 showing a population decline of 48.5% in the area during that time. The predominant age group in Backmede is 60-69 years. Households in Backmede are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Backmede work in a trades occupation. In 2011, 80% of the homes in Backmede were owner-occupied compared with 88.9% in 2016..
Backmede has 71 properties. Over the last 5 years, Houses in Backmede have seen a 30.03% increase in median value. As at 30 September 2024:
- The median value for Houses in Backmede is $693,747.
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