OFF MARKET

50 Laura Homestead Road
Bundarra NSW 2359

Bedrooms: -
Bathrooms: -
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Land area: 25700000m2
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Property Details for 50 Laura Homestead Rd, Bundarra

Building Type
Rural
Land Size
25700000m2
Local Government
Uralla
Lot/Plan
1/DP515469

Last Listing description (September 2023)

LAURA STATION
Held by the Coventry family since the mid 1980's "Laura Station" is one of New England's signature properties, and a sentimental favourite amongst several "Blue Chip" grazing assets held by this astute family grazing enterprise.
Steeped in history "Laura Station" was one of the original holdings selected in this district during 1837 by William Smith and has, since then, maintained its reputation as a reliable and versatile grazing property. Comprising 2,570.5 hectares or 6,351.9 acres on 18 freehold titles, and 51 lots. Laura is strategically located within striking distance to major abattoirs, feedlots and regional selling centres being 55 kilometres to Inverell, 150 kilometres to Tamworth, 65 kilometres to Armidale, and only 10 kilometres to the regional services of Bundarra.

One of "Laura's" most endearing qualities is its gently undulating, and open topography, and the complete absence of any wasteland. Most, if not all, of the lands are arable and it is this feature which has allowed the Coventry family to supercharge production by introducing a regime of pasture improvement and fertiliser topdressing during their tenure. This has enabled a historic carrying capacity of approximately 23,000 DSE. Further improvement is possible through a continuation of current management or via variations in pasture species and grazing techniques.
"Laura Station" is sensibly cleared and is a well balanced blend of soil types, however it may be the volume and quality of its water that allows for the continued production and fattening of award winning livestock that "Laura Station" is renowned for. In normal circumstances properties of the calibre of "Laura Station" are seldom, if ever, offered for genuine sale. This is not such a circumstance and current management has made the difficult decision to sell. If it is your desire to secure a trophy asset, with a strong reputation, do not miss the opportunity to inspect "Laura Station".

GLANMIRE STATION
Although currently managed as an aggregation combined with "Laura Station" the property "Glanmire" would be equally efficient if managed as an individual entity. Comprising 2237HA (5527.6AC), on numerous freehold titles, the gently undulating topography lends itself to further improvement through pasture cropping. For many years the country has benefited from fertilizer inputs which has seen single super applied at a rate of 125kg/ha on a regular basis through a ground spreading regime.
Equally capable of turning off heavy weight weaners or backgrounding "Glanmire" is serviced by sturdy working infrastructure, including steel Wean design cattle yards, cottage, woolshed, and sheep yards. There are many potential building sites to locate a homestead, if required, allowing the individual owner to design and build a home custom made to fit their own requirements.
Good country and good water are often referred to as the key requirements for livestock production and "Glanmire" is the perfect example of these two features working in combination. With the Gwydir River providing a sizeable portion of the boundary and Two Mile Creek transecting the open and well grassed paddocks livestock are well sheltered and never far from feed and water.
Being only a few minutes from "Laura Station", by vehicle, these two highly regarded grazing assets have been easily managed by walking livestock from one to the other. Whilst this continues to provide an option to the astute purchaser to operate the two properties together , and provide a level of scale seldom found in this tightly held area, the option to purchase as two separate entities is one that should not be overlooked.

Expressions of Interest are invited for the whole aggregation or individually.
For more information contact
Andrew Starr 0428 792 466 or
Bruce Birch 0428 363 063

Property History for 50 Laura Homestead Rd, Bundarra, NSW 2359

A timeline of how this property has performed in the market
Last Sold
$683,144
13 Jun 1985
  • 01 May 2023
    Listed for Sale Expressions of Interest Close 9th June @ 2pm
  • 13 Jun 1985
    Sold for $683,144

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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 464 properties. Over the last 5 years, Houses in Bundarra have seen a 37.78% increase in median value, while Units have seen a -8.69% decrease. As at 31 October 2024:

  • The median value for Houses in Bundarra is $580,574 while the median value for Units is $385,183.
  • Houses have a median rent of $200.
There are currently 3 properties listed for sale, and no properties listed for rent in Bundarra on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Bundarra.

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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.