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Sold on 08 May 2024 - Price Unavailable

216 Mount Drummond Road
Bundarra NSW 2359

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2230000m2
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Property Details for 216 Mount Drummond Rd, Bundarra

Building Type
Commercial
Land Size
2230000m2
Local Government
Uralla

Last Listing description (June 2024)

AREA: 221.8 hectares or 548 acres

SITUATION: 216 Mt Drummond Road is located just 4km east of Bundarra NSW and the sapphire region of Inverell is only 50km to the north offering full services (population approx.18 000). Bundarra has basic services including pub, store, golf club, service station and central school (primary and high school) while Inverell has a livestock selling centre and excellent commercial services.

COUNTRY: the country, predominantly trap soils, is generally open with scattered timber. It has had a decent super history on bath native and some improved pastures. The property would be an ideal starter or add on block to a grazing operation with good access, water and fencing.

WATER: Water is a feature with the land benefitting from 1.4km of frontage to Bakers Creek which is spring fed. In addition tot he creek frontage there are some 10 dams, ensuring year round water.

FENCING AND INFRASTRUCTURE: The property is fenced into 11 paddocks with fencing in good order throughout. Free from other infrastructure, the opportunity is available to acquire quality grazing land without top heavy infrastructure and value add to gain increases in capital value.

ZONING: the property is zoned RU1 Primary Production with an indicative minimum lot size for a dwelling entitlement being 200 hectares.

REMARKS: A tidy, uncomplicated piece of land in a handy location. Perfect to get started in the cattle business as a starter block or add on to an existing operation free from expensive infrastructure. Good location and access, good fencing and water and offered for genuine sale.

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Property History for 216 Mount Drummond Rd, Bundarra, NSW 2359

A timeline of how this property has performed in the market
Last Sold
08 May 2024
  • 08 May 2024
    Sold
  • 16 Feb 2024
    Listed for Sale $1,375,000

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About Bundarra 2359

The size of Bundarra is approximately 994.6 square kilometres. It has 7 parks covering nearly 7% of total area. The population of Bundarra in 2011 was 804 people. By 2016 the population was 673 showing a population decline of 16.3% in the area during that time. The predominant age group in Bundarra is 50-59 years. Households in Bundarra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bundarra work in a managers occupation. In 2011, 65.1% of the homes in Bundarra were owner-occupied compared with 70.5% in 2016.

Bundarra has 465 properties. Over the last 5 years, Houses in Bundarra have seen a 30.17% increase in median value, while Units have seen a -8.69% decrease. As at 31 August 2024:

  • The median value for Houses in Bundarra is $184,313 while the median value for Units is $363,789.
  • Houses have a median rent of $200.
There are currently 1 property listed for sale, and 1 property listed for rent in Bundarra on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Bundarra.

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