OFF MARKET

Barry Road
Hanging Rock NSW 2340

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1770m2
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Property Details for Lot 71 Barry Rd, Hanging Rock

Building Type
Land
Land Size
1770m2
Local Government
Tamworth Regional
Lot/Plan
71/DP755335

Last Listing description (August 2019)

A 1736 m2 block at the intersection of Barry road and Forest Way is offered for sale. Being a former site of Our House Inn , first licensed to sell liquor in 1860 in the gold rush days, it presents an interesting opportunity.
Former water race used for washing gold cuts through the block and below is a quote from Wikipedia:
During 1853, American gold miners dug, an approximately 23 km, water race from Callaghans Swamp to underneath the Hanging Rock cliff face. Also that year Californians dug another water race from the swamp at the head of Dangars Gully to Nuggety Gully. In 1882, it took about twelve months to cut a 13 km water race from the Barnard River on the eastern side of the rough mountainous Great Dividing Range to the western side of the Range. Just south of Hanging Rock village are the Sheba Dams (with a surface area of 3.6 ha) which were erected by hand over a three-week period in 1888 to serve the sluicing needs of the miners. This construction was carried out by the Mt Sheba Company which leased the water rights for the area. Other water races were also constructed to feed various other mines around Bowling Alley Point and Hanging Rock.

Link to an article about history of Hanging Rock among other places. Section 5.4.3 mentions former hotel on site. https:/?/?www.tamworth.nsw.gov.au/?ArticleDocuments/?221/?2.07.5_Thematic_His tory_of_Nundle_Manilla_and_Bar raba_Attachment-small.pdf.aspx

Topography: undulating, cleared block.
Soil: chocolate basalt
Rainfall: approximately 1100mm/annual
Climate: cool temperate with occasional winter snow.
Zoning: RU1

Property History for Lot 71 Barry Rd, Hanging Rock, NSW 2340

A timeline of how this property has performed in the market
Last Sold
$35,200
10 Oct 2018
  • 04 Apr 2019
    Listed for Sale $50,000
  • 10 Oct 2018
    Sold for $35,200

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About Hanging Rock 2340

The size of Hanging Rock is approximately 313.7 square kilometres. It has 10 parks covering nearly 54.4% of total area. The population of Hanging Rock in 2011 was 598 people. By 2016 the population was 99 showing a population decline of 83.4% in the area during that time. The predominant age group in Hanging Rock is 60-69 years. Households in Hanging Rock are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Hanging Rock work in a managers occupation. In 2011, 72% of the homes in Hanging Rock were owner-occupied compared with 71.4% in 2016..

Hanging Rock has 158 properties. Over the last 5 years, Houses in Hanging Rock have seen a 93.93% increase in median value, while Units have seen a -15.16% decrease. As at 31 October 2024:

  • The median value for Houses in Hanging Rock is $422,975 while the median value for Units is $460,742.
There are currently 2 properties listed for sale, and no properties listed for rent in Hanging rock on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Hanging rock.

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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.