OFF MARKET

271 Forest Reefs Road
Millthorpe NSW 2798

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 23460m2
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Last updated 11 Nov 2024
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Property Details for 271 Forest Reefs Rd, Millthorpe

271 Forest Reefs Rd, Millthorpe is a bedroom, bathroom House. The property has a land size of 23460m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Land Size
23460m2
Local Government
Blayney
Lot/Plan
10/DP1256662

Last Listing description (December 2021)

WHAT WE LOVE
If you ask the locals about this cottage, it has a very colourful history, and it goes a long way back. It's time to take this beautiful parcel of land and Bluestone cottage, with direct views to Mount Canobolas, and bring it back to life. There is also an artists studio and very rustic sheds that could also be converted (stca). This is a very rare opportunity to make it your own.
You are only minutes to the beautiful heritage listed village of Millthorpe and the convenience of being only 20 minutes drive to Orange.

The perfect opportunity to build your dream home awaits!

WHAT YOU'LL LOVE
- 6 acres of rich basalt soil
- Original bluestone cottage in place with artists studio and sheds
- Great BNB potential
- Fertile cleared land
- Bore
- Renovate or extend to create your dream home
- Approximately 5 minutes drive to Millthorpe
- 20 minutes drive to Orange city limits
- 110,000 Litre rainwater tank and pump, recently installed
- Recently installed septic
- Natural gas available at boundary
- Good fencing
- Amazing views

WHAT THE OWNERS LOVE
We were immediately drawn to the heritage cottage and the views. This property has been a labour of love with extensive attention given to developing our paddocks by removing tons of rocks and planting hedges, so our animals could enjoy great pasture. On weekends we have enjoyed our beautiful fire pit with our neighbours, whilst experiencing the continual beautiful sunsets over Mount Canobolas. The little cottage is a replica of my great grandmothers house, and whilst we were keen to renovate we realised that the next occupants would want to put their own touch on the beautiful building. However we have lived in the cottage for almost two years, with winter enabling us to have our fireplace making us cosy and would have been very happy to stay there indefinitely.

RATES: $331 per quarter approx
ESTIMATED RENTAL RETURN: $420 - 440 per week

Property History for 271 Forest Reefs Rd, Millthorpe, NSW 2798

A timeline of how this property has performed in the market
Last Sold
$800,000
12 Nov 2021
  • 12 Nov 2021
    Sold for $800,000
  • 29 Oct 2021
    Listed for Sale Contact Agent
  • 27 Feb 2020
    Sold for $450,000

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About Millthorpe 2798

The size of Millthorpe is approximately 76.4 square kilometres. The population of Millthorpe in 2011 was 1,109 people. By 2016 the population was 1,228 showing a population growth of 10.7% in the area during that time. The predominant age group in Millthorpe is 0-9 years. Households in Millthorpe are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Millthorpe work in a professional occupation. In 2011, 78.7% of the homes in Millthorpe were owner-occupied compared with 80.6% in 2016.

Millthorpe has 711 properties. Over the last 5 years, Houses in Millthorpe have seen a 79.43% increase in median value, while Units have seen a 471.57% increase. As at 31 October 2024:

  • The median value for Houses in Millthorpe is $764,704 while the median value for Units is $461,933.
  • Houses have a median rent of $500.
There are currently 16 properties listed for sale, and 3 properties listed for rent in Millthorpe on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Millthorpe.

Suburb Insights for Millthorpe 2798

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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.