SOLD
Sold on 20 Dec 2023 for $8,575,000

723 Dripping Rock Road
Boggabri NSW 2382

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 22984340m2
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Property Details for 723 Dripping Rock Rd, Boggabri

Building Type
Rural
Land Size
22984340m2
Local Government
Narrabri
Lot/Plan
B/DP100330

Last Listing description (September 2023)

Elders Gunnedah in conjunction with Inglis Rural Properties are pleased to exclusively present 'Sylvania Aggregation', a high-quality mixed farming enterprise focusing on productivity, versatility, sustainable management and first-class livestock production.

AREA
Sylvania boasts a commercial scale of 3,480* HA (8,600* AC) which is amongst the largest contiguous landholdings in the surrounding region.

LOCATION
Situated in the renowned Gunnedah/Boggabri region, the area is popular due to the natural agricultural strengths, reliable winter and summer rainfall, inherently fertile soils, highly versatile and arable country. Located 29km* from Boggabri, 49km* from Gunnedah and 110km* from Tamworth.

PRODUCTION
Extensively developed, the property offers economies of scale via a winter cropping program along with perennial pasture establishment with primarily chocolate self-mulching clays rising to red loam soils. Preferred soil types with largely heavy black soils on the southern portion of the holding exhibiting high water holding capacity as well as well drained red loams soils on the northern portion of the holding.

EXTENSIVE WATER
Water infrastructure has been a key focus over recent years. The commencement of planning and investment ensures that additional water points enhance grazing management. The property currently possesses 4 x bores, including a recently drilled bore yielding approximately 1,000/gallons per hour with an equipped solar pump suppling to a network of troughs.

RAINFALL
Average 570* millimetres per annum (BOM)

WORKING IMPROVEMENTS
Supported by a wide range of improvements including 4 x machinery sheds, 1 x shearing shed, 2 x hay sheds, grain shed, 12 x silos, 2 x cattle yards, Sheep yards, chemical shed and 2 x cottages.

RARE OFFERING
The physical features of the property combined with the productive capability and sheer lack of available opportunities in the region will ensure strong enquiry and participation from the market. Optimal growing climate for promoting grass growth and fattening cattle.

Inspections by appointment.

'Sylvania Aggregation' including land and fixed Improvements is being offered for sale via Expression of Interest closing Thursday 26th October 2023 at 4pm AEDT.

* denotes approximately

Property History for 723 Dripping Rock Rd, Boggabri, NSW 2382

A timeline of how this property has performed in the market
Last Sold
$8,575,000
20 Dec 2023
  • 20 Dec 2023
    Sold for $8,575,000
  • 12 Sep 2023
    Listed for Sale Expression of Interest closing 26th October
  • 12 Nov 2021
    Sold for $8,393,599

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About Boggabri 2382

The size of Boggabri is approximately 825.5 square kilometres. It has 4 parks covering nearly 9% of total area. The population of Boggabri in 2011 was 1,189 people. By 2016 the population was 1,125 showing a population decline of 5.4% in the area during that time. The predominant age group in Boggabri is 40-49 years. Households in Boggabri are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Boggabri work in a machinery operators and drivers occupation. In 2011, 66.4% of the homes in Boggabri were owner-occupied compared with 63.3% in 2016.

Boggabri has 908 properties. Over the last 5 years, Houses in Boggabri have seen a 36.45% increase in median value. As at 30 September 2024:

  • The median value for Houses in Boggabri is $243,707 while the median value for Units is $350,650.
  • Houses have a median rent of $350 while Units have a median rent of $300.
There are currently 13 properties listed for sale, and 1 property listed for rent in Boggabri on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Boggabri.

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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.