SOLD
Sold on 19 Apr 2024 for $1,927,596

559 Pinnacle Road
Garema NSW 2871

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 2806000m2
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Miller & James Real Estate Temora
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Property Details for 559 Pinnacle Rd, Garema

Building Type
Rural
Land Size
2806000m2
Local Government
Forbes
Lot/Plan
139/DP752954

Last Listing description (July 2024)

Miller & James Real Estate is pleased to present to the market 'West Ooma' and 'Belar View', Garema NSW. Located 22 km south of Forbes and 26 km north of Grenfell, this 1,618-acre (655ha) property, is 92% arable and suitable for cropping, grazing or a mixture of both.. 'West Ooma' consists of 693 acres (281ha) and 'Belar View' consists of 924 acres (374ha)

Divided into 15 paddocks for easy management, the property is currently used for grain and livestock production. The current owners have been running approx 4.5 DSE per hectare and current pastures include clover, ryegrass, and natives.

Water Infrastructure:

Water is a feature of the property. Water is sourced from the Ooma Water Scheme. There are also nine dams across the property with troughs located in paddocks without dams.

Infrastructure:

? Modern 3-stand shearing shed;
? Steel sheep yards with undercover work area
? 12m x 18m steel shed
? 8 self emptying silos (capacity: 400-450 tonnes)

Homestead;

A tidy 3-bedroom clad home circa early 1980s with one bathroom

Agents Comments;

The Garema area south of Forbes is well known for its fertile heavy soils which are well suited to broad acre farming. For this reason the area is favored by corporate farmers. However, the area is also popular with graziers from the east looking to expand their operations into country often viewed as 'better value for money'

'Ooma West' has been well looked after by its present owners who are looking to sell in order to retire. The properties can be purchased as a whole or separately.

For more information or to arrange an inspection contact Bruce Holden M: 0428 278 546

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Property History for 559 Pinnacle Rd, Garema, NSW 2871

A timeline of how this property has performed in the market
Last Sold
$1,927,596
19 Apr 2024
  • 17 Jun 2024
    Listed for Sale Not Disclosed
  • 19 Apr 2024
    Sold for $1,927,596
  • 11 Dec 2023
    Listed for Sale ASKING PRICE $2,900 AN ACRE

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About Garema 2871

The size of Garema is approximately 245.3 square kilometres. The population of Garema in 2011 was 290 people. By 2016 the population was 90 showing a population decline of 69.0% in the area during that time. The predominant age group in Garema is 10-19 years. Households in Garema are primarily couples with children and are likely to be repaying not stated per month on mortgage repayments. In general, people in Garema work in a managers occupation. In 2011, 67.4% of the homes in Garema were owner-occupied compared with 71.8% in 2016..

Garema has 88 properties. Over the last 5 years, Houses in Garema have seen a -27.97% decrease in median value. As at 31 October 2024:

  • The median value for Houses in Garema is $682,367.
There are currently no properties listed for sale, and no properties listed for rent in Garema on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Garema.

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