17599 Cobar Ivanhoe RoadIvanhoe NSW 2878
Property Details for 17599 Cobar Ivanhoe Rd, Ivanhoe
Last Listing description (October 2020)
Cross Roads comprises a 27,058 hectare holding (predominately Western Lands Lease) which has been under its current ownership for 20 years. During that period the owners have run sheep, cattle and harvested goats on an opportunistic basis without really pushing the country. Most of the property has been de-stocked since April 2017, save for 400 weaners in the current season with a regular harvest of feral goats. The property has carried up to 6,500 merino ewes in good years (9,750 DSE) when it was being more actively managed.
While the property has been de-stocked in recent years, a carrying capacity of 3.25 hectares per DSE translates to an overall carrying 8,326 DSE. Bureau of Meteorology (Ivanhoe Post Office) records indicate the property has an annual rainfall of approximately 306mm pa.
The country comprises a mix of open grazing country (approx 40%), timbered grazing country (approx 40%) and mallee country (approx 20%). Vegetation includes a mix of Belah, Mulga, Wilga & Mallee with isolated Currajong Trees and importantly there is a relatively low incidence of Turpentine and other woody weeds by district standards which support the carrying capacity of the property.
Critically the property is serviced by some nineteen water tanks/dams eight of which are set up to trap goats. The property features two boreholes one of which is slightly salty but could be equipped with a desalination plant while the second is 300 feet deep and has been recently cleaned. The second bore features a solar tracking power system, is capable of delivering 400 gal/hr once equipped and is connected by a 50mm poly line to the central portion of the property. The bore has not been required since 2007/8 as a consequence of the high reliability of the tanks.
The boundary fencelines have all been graded while fencing is generally sheep/cattle proof across the property. The property is subdivided into 11 main paddocks and the central paddocks have been reinforced to be goat proof and provide for reliable holding paddocks after mustering ahead of transporting.
Expressions of Interest Closing Thursday 17th October (if not sold prior) - Contact David Leeds for an Information Memorandum on 0418 594 416.
Video link: vimeo.com/357951895
Property History for 17599 Cobar Ivanhoe Rd, Ivanhoe, NSW 2878
- 24 Feb 2020Sold for $3,943,147
- 11 Sep 2019Listed for Sale Contact Agent
- 01 May 2015Sold
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About Ivanhoe 2878
The size of Ivanhoe is approximately 15,789.4 square kilometres. It has 6 parks covering nearly 1% of total area. The population of Ivanhoe in 2011 was 198 people. By 2016 the population was 330 showing a population growth of 66.7% in the area during that time. The predominant age group in Ivanhoe is 50-59 years. Households in Ivanhoe are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Ivanhoe work in a managers occupation. In 2011, 49.3% of the homes in Ivanhoe were owner-occupied compared with 56.8% in 2016.
Ivanhoe has 456 properties. Over the last 5 years, Houses in Ivanhoe have seen a -39.36% decrease in median value. As at 31 October 2024:
- The median value for Houses in Ivanhoe is $23,366 while the median value for Units is $127,500.
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