208 Bungawalbin Whiporie RoadBungawalbin NSW 2469
Property Details for Lot 3/208 Bungawalbin Whiporie Rd, Bungawalbin
Last Listing description (July 2020)
Located within 20 minutes drive to the coast this 40 hectare parcel of land with building entitlement is currently planted with Tea Tree crop and has the opportunity for the current lease with the potential to extend for another 4 years.
What does that mean for an investor? Clearly it takes out the day to day task of running a farm and owning expensive machinery for what would be considered in the industry a small plant.
The terms of the current agreement have a guaranteed fixed amount of product to the new owners for four years.
If you would like to build your new home or relocate someone elses to this allotment, you can relax on your verandah and watch your income grow.
Property History for Lot 3/208 Bungawalbin Whiporie Rd, Bungawalbin, NSW 2469
- 07 Feb 2017Listed for Sale $900,000
- 23 Sep 2016Listed for Sale $900,000
- 19 Aug 2016Listed for Sale $900,000
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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.
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