OFF MARKET

1032 Woodburn Coraki Road
Bungawalbin NSW 2469

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5943m2
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Property Details for 1032 Woodburn Coraki Rd, Bungawalbin

Building Type
Rural
Land Size
5943m2
Local Government
Richmond Valley
Lot/Plan
194/DP755603

Last Listing description (October 2020)

A piece of local history is set to go under the hammer next month with the sale of the old schoolhouse at Bungawalbin Junction.
Located on the elbow of the Richmond River and Bungawalbin Creek, between Coraki and Woodburn, the brick building would make an ideal restoration project.

Built in 1892, at a cost of 432 pounds, many of its features are still intact, including the school bag racks and old chalkboards. It has sat vacant for many years and is crying out for some TLC, and looking for someone to go in and restore it to its original status.
The schoolhouse is set on a large 5000 sqm riverside block, with a building entitlement and power available, meaning there is plenty of scope for someone to build a home, and restore the schoolhouse as a side project. Although the current building dates to 1892, the history of the school dates back all the way to 1877, according to the Coraki Historical Society publication, Looking Back at Bungy a Brief History of the Bungawalbyn District. Thats when residents built the first school - a slab hut for 26 local children aged from 4 to 15, very few of whom had ever been under instruction.
The slab hut was later replaced by a weatherboard building erected by the Department of Education, before the current school house was built.
The adjoining property to the schoolhouse - a 5477 sq m block with a three bedroom home will be auctioned separately on on site Saturday 13th June 2020 at 12 pm.

Property History for 1032 Woodburn Coraki Rd, Bungawalbin, NSW 2469

A timeline of how this property has performed in the market
Last Sold
$340,000
18 Jun 2020
  • 18 Jun 2020
    Sold for $340,000
  • 22 May 2020
    Listed for Sale Price Guide $320,000-$350,000

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About Bungawalbin 2469

The size of Bungawalbin is approximately 101.6 square kilometres. It has 4 parks covering nearly 36.4% of total area. The population of Bungawalbin in 2011 was 296 people. By 2016 the population was 118 showing a population decline of 60.1% in the area during that time. The predominant age group in Bungawalbin is 50-59 years. Households in Bungawalbin are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Bungawalbin work in a machinery operators and drivers occupation. In 2011, 85.7% of the homes in Bungawalbin were owner-occupied compared with 61.4% in 2016..

Bungawalbin has 102 properties. Over the last 5 years, Houses in Bungawalbin have seen a 50.63% increase in median value. As at 31 October 2024:

  • The median value for Houses in Bungawalbin is $655,026.
There are currently 2 properties listed for sale, and 1 property listed for rent in Bungawalbin on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Bungawalbin.

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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.