Rural Lifestyle property producing income in a secluded valley with seasonal creek.
Improvements include 3 bedroom mud brick home with in ground pool + tennis court, machinery shed, hay shed & cattle yards.
The home is set within a garden area and includes an orchard.
There is an area of around 28Ha of creek flats with remainder undulating to steep hill with timber. Tracks enable access to most of the property and native wildlife is abundant.
Access is via the Hume Freeway then Sweetwater road (sealed) with final section all weather gravel surface Tinmines Road 36kms north east of Albury.
The current owner has enjoyed 33 years of Rural life and there remains plenty of upside for new owners.
The size of Mullengandra is approximately 127.2 square kilometres. It has 4 parks covering nearly 2.7% of total area. The population of Mullengandra in 2011 was 323 people. By 2016 the population was 115 showing a population decline of 64.4% in the area during that time. The predominant age group in Mullengandra is 50-59 years. Households in Mullengandra are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mullengandra work in a managers occupation. In 2011, 75.5% of the homes in Mullengandra were owner-occupied compared with 86.3% in 2016..
Mullengandra has 90 properties. Over the last 5 years, Houses in Mullengandra have seen a 117.49% increase in median value. As at 30 November 2024:
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