139 Cullingral RoadMerriwa NSW 2329
Property Details for 139 Cullingral Rd, Merriwa
Last Listing description (February 2018)
Location: 3 km"s from Merriwa in the Upper Hunter Valley. The area is recognised for its diversity and productivity with thriving agricultural, viticulture and equine industries.
Uncapped potential. Underpin your livestock or irrigation returns by a significant annual lease income. Inspection highly recommended!
Land: 516 Ac/ 208 .95 Ha comprising a balance of 336 Acres of alluvial river flats with the remainder of undulating basalt grazing country. Suited to irrigation, fattening or horticulture.
Water: A feature of Cullingral. Frontage to the Merriwa River and 2 irrigation licences totalling 230 megalitres.
Homestead: A homestead of great historical significance. Dating back to 1839 and partially built using sandstone quarried on the property by convict labour. Period features have been retained In this 7 B/R home set in established gardens and with a swimming pool and tennis court.
Improvements: Cattleyards, Machinery/Hay shed, 3 stand woolshed, and additional cottage
Passive Income: Passive income of $125,400 p/a (inclusive of GST and indexed to CPI) generated by a 5 year lease to a company rearing game birds in 3 sheds. On the balance of the property a similar figure could be returned by the fattening of cattle.
Contact exclusive selling agents to arrange in inspection or for an Information Memorandum
Property History for 139 Cullingral Rd, Merriwa, NSW 2329
- 08 Aug 2016Listed for Sale $3,350,000 Reduced
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0About Merriwa 2329
The size of Merriwa is approximately 1,909 square kilometres. It has 17 parks covering nearly 18.8% of total area. The population of Merriwa in 2011 was 1,789 people. By 2016 the population was 1,737 showing a population decline of 2.9% in the area during that time. The predominant age group in Merriwa is 50-59 years. Households in Merriwa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merriwa work in a managers occupation. In 2011, 66.7% of the homes in Merriwa were owner-occupied compared with 64.3% in 2016.
Merriwa has 1,323 properties. Over the last 5 years, Houses in Merriwa have seen a 106.11% increase in median value, while Units have seen a 41.72% increase. As at 31 October 2024:
- The median value for Houses in Merriwa is $398,737 while the median value for Units is $305,143.
- Houses have a median rent of $400 while Units have a median rent of $150.
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