For Sale On The Instructions Of The Agents For Mortgagee In Possession
AUCTION ON SITE, 4th MayIf ever there was a landbank opportunity - this is it!Positioned on the corner of Millpost Lane and The Kings Highway, on the Bungendore town limits is this outstanding freehold parcel of 47.7ha (116 acres approx).The block has commanding 360 degree views - Lake George to the north, Mount Gibraltar to the east, Hoskinstown to the south and the Bungendore Escarpment to the west, it sits nestled in alongside the Bungendore Escarpment which also affords it shelter from the seasonal Westerlies.This property has a building entitlement, stockproof fencing, cattleyards and ramp, a high yielding and equipped bore and is a proven performer as a farming venture with good soil management practices.Bungendore's growth limitations are well known, this property sits on the Queanbeyan and Canberra side of Bungendore and offers a useful parcel of land in a highly sought after area.Zoned as 1A, this opportunity will most likely appeal to those looking for investment, a high profile position for rural ventures and or families looking to secure a substantial block for their family holdings in the future. For more information or to arrange an inspection, please contact Ellie Merriman on 0402 117 877.For inspection times please visit our facebook page: https://www.facebook.com/RayWhiteBungendore.DISCLAIMER. We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.
The size of Bungendore is approximately 296.4 square kilometres. It has 11 parks covering nearly 12.7% of total area. The population of Bungendore in 2011 was 3,553 people. By 2016 the population was 4,153 showing a population growth of 16.9% in the area during that time. The predominant age group in Bungendore is 40-49 years. Households in Bungendore are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bungendore work in a managers occupation. In 2011, 82.5% of the homes in Bungendore were owner-occupied compared with 81.1% in 2016.
Bungendore has 2,370 properties. Over the last 5 years, Houses in Bungendore have seen a 46.02% increase in median value, while Units have seen a -2.54% decrease. As at 31 December 2024:
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