Opportunity to secure a share in the iconic Umbi Gumbi property at Cuttagee (via Bermagui). The Forest House sits on the northern end of the property, only 100 metres to the lake and a short walk to beautiful Cuttagee beach.
A two-storey mudbrick and hebel dwelling, the house oozes character with cathedral ceilings, stained glass windows, French timber doors and a bell tower! Nestled into its spotted gum setting, the house has 3 to 4 bedrooms, study, sun room, living room and kitchen/dining room with bathroom and separate laundry. There is also a separate garage and studio and all are connected to mains power.
The Forest House is part of the 100 acre Umbi Gumbi co-operative and the sale price gives the new shareholder a holding in the land co-operative and a 99 year lease to occupy the Forest House. Good value at this price and in this stunning beachside location.
The size of Cuttagee is approximately 15.1 square kilometres. It has 3 parks covering nearly 32.1% of total area. The population of Cuttagee in 2011 was 1,670 people. By 2016 the population was 37 showing a population decline of 97.8% in the area during that time. The predominant age group in Cuttagee is 60-69 years. Households in Cuttagee are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cuttagee work in a professional occupation. In 2006, 20.5% of the homes in Cuttagee were owner-occupied compared with 69.4% in 2011..
Cuttagee has 68 properties. Over the last 5 years, Houses in Cuttagee have seen a 85.28% increase in median value. As at 30 November 2024:
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