OFF MARKET

602 Milroy Road
Milroy NSW 2380

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 2529000m2
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Property Details for 602 Milroy Rd, Milroy

602 Milroy Rd, Milroy is a 4 bedroom, 2 bathroom House. The property has a land size of 2529000m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Land Size
2529000m2
Local Government
Gunnedah
Lot/Plan
97/DP755532

Last Listing description (March 2023)

Johnston Donoghue is pleased to present for sale the property "Lochlea". The property is a versatile mixed arable and grazing property located just to the southwest of Gunnedah. "Lochlea" comprises of a total area of 252.93 hectares (625 acres) of approximately 90% arable country with soft creek grazing flats running through the central area of the property.

"Lochlea" is located 22 kilometres southwest of Gunnedah and the midpoint between the villages of Mullaley and Curlewis. Access to the property is via the bitumen sealed Wandobah Road and a short distance along Milroy Road. The strategic location of the property provides convenient access to a full array of markets, services and amenities.

The property ranges in elevation from 360 to 430 metres above sea level comprising of level to gently sloping mixed cultivation and grazing country. The soil types comprise of a chocolate brown and red basalt soil profile with areas of lighter loam suitable for pasture production, annual fodder cropping, grain production and grazing pursuits. The property has double frontage to an unnamed creek with multiple crossings.

The northern and western areas of the property comprise of a heavier soil profile contoured for soil erosion control with areas of pasture production. The area along Milroy Road and east of the creek country is more a loam-based soil profile also suitable for cultivation. The percentage split of basalt to loam is 70/30. The property rises gently from the southern boundary slowing rising to the highest point in the northwestern corner.

The arable areas are mostly cleared with the exception of some scattered shade timber. The main timber species comprises of a variety of box located along the creek area.

"Lochlea" is a versatile mixed arable and grazing property currently operating as a sheep breeding/fattening enterprise. The property has good water and fencing infrastructure allowing for rotational grazing practices with 12 main paddocks.

The property would also suit a cattle breeding/fattening operation given the strong soil type and rainfall. We estimate that the property would run 100 cow/calf units or equivalent.

Please call Tom to arrange a private inspection.

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Property History for 602 Milroy Rd, Milroy, NSW 2380

A timeline of how this property has performed in the market
Last Sold
$1,500,000
28 Feb 2023
  • 28 Feb 2023
    Sold for $1,500,000
  • 27 Oct 2022
    Listed for Sale $1,600,000

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About Milroy 2380

The size of Milroy is approximately 261.6 square kilometres. It has 3 parks. The population of Milroy in 2011 was 540 people. By 2016 the population was 78 showing a population decline of 85.6% in the area during that time. The predominant age group in Milroy is 30-39 years. Households in Milroy are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Milroy work in a professional occupation. In 2011, 69.8% of the homes in Milroy were owner-occupied compared with 100% in 2016..

Milroy has 62 properties. Over the last 5 years, Houses in Milroy have seen a 34.69% increase in median value. As at 30 November 2024:

  • The median value for Houses in Milroy is $557,567.
There are currently no properties listed for sale, and no properties listed for rent in Milroy on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Milroy.

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