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Sold on 15 Dec 2023 - Price Unavailable

1 Verge Street
Dungog NSW 2420

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Land area: 310.53ha
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Property Details for 1 Verge St, Dungog

Building Type
Rural
Land Size
310.53ha
Local Government
Dungog
Lot/Plan
41/DP802112

Last Listing description (December 2023)

Historic Homestead set in a delightful garden setting
Approx 2km Williams River Frontage
Prime Agricultural Land – 120ml Irrigation Licence

Approx 310.53 ha – 767.29 acres

- Ideal location – adjoining Dungog township, 45 mins Maitland, 1 hour Newcastle and beaches, 2 hours 45 mins Sydney CBD.
- Majestic circa 1830 homestead with circa 1886 additions. Beautifully maintained and set in a garden compound including the original stables.
- Water security one of the many features – approx. 2km frontage to the Williams River, Slaughteryard creek, 8 dams, livestock troughs and town water connected. 120 ML irrigation licence.
- Highly productive and versatile alluvial river flats and elevated grazing country. "Melbee" is extremely suitable for a wide range of agricultural enterprises.
- Securely fenced with central laneways. Excellent cattle yards, substantial all steel machinery shed, cottage

"Melbee" is the Jewel in the Crown and has long been regarded as one of Dungog's premier rural holdings.

The historical significance of "Melbee" is something to be cherished and maintained for future generations.

Detailed Information Memorandum available.

Auction
Tuesday 12th December 2023

auctionWORKS Rooms,
Mezzanine Level,
50 Margaret Street,
Sydney NSW 2000

Starting time 10.30 am.

Property History for 1 Verge St, Dungog, NSW 2420

A timeline of how this property has performed in the market
Last Sold
15 Dec 2023
  • 15 Dec 2023
    Sold for $8,320,000
  • 29 Oct 2023
    Listed for Sale Not Disclosed

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About Dungog 2420

The size of Dungog is approximately 5.5 square kilometres. It has 7 parks covering nearly 4.5% of total area. The population of Dungog in 2011 was 2,131 people. By 2016 the population was 2,034 showing a population decline of 4.6% in the area during that time. The predominant age group in Dungog is 60-69 years. Households in Dungog are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dungog work in a trades occupation. In 2011, 69.9% of the homes in Dungog were owner-occupied compared with 71.3% in 2016.

Dungog has 1,307 properties. Over the last 5 years, Houses in Dungog have seen a 82.52% increase in median value, while Units have seen a 51.60% increase. As at 30 September 2024:

  • The median value for Houses in Dungog is $590,837 while the median value for Units is $312,718.
  • Houses have a median rent of $510 while Units have a median rent of $250.
There are currently 29 properties listed for sale, and 5 properties listed for rent in Dungog on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Dungog.

Suburb Insights for Dungog 2420

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David Nolan
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Webster Nolan Real Estate
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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.