SOLD
RECENT ADVICE
Sold on 05 Apr 2024 for $1,000,000

62 Nicholls Road
Mummulgum NSW 2469

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 430ac
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Property Details for 62 Nicholls Rd, Mummulgum

Building Type
Rural
Land Size
430ac
Local Government
Kyogle
Lot/Plan
422/DP1087425

Last Listing description (April 2024)

Nestled amidst breathtaking vistas lies a unique opportunity to acquire a genuine 90-cow block at exceptional value. Encompassing 430 acres of predominantly basalt soils, this property boasts a frost-free environment perfect for the production of an abundance of Kikuyu, Rhodes Grass & Wynn Cassia. Formerly a plantation block, it has undergone a thorough cleanup and pasture enhancement. Ascending to a notable plateau atop the Hogarth Range, the paddock enjoys proximity to a thriving commercial coffee crop, hinting at its untapped potential.

Water abundance is a standout feature, with nine spring fed dams ensuring ample supply for livestock with one dam in particular boasting a state-of-the-art solar pump, pumping water to the header tank which gravity feeds to a concrete trough system and therefore no additional investment is required for water improvements or upkeep. The property is subdivided across the plateau, with fully enclosed boundaries and features a set of steel panel cattle yards in excellent condition.

The panoramic views from the plateau are truly awe-inspiring, offering numerous idyllic locations for potential homesites. Ideal for young couples starting out or as an affordable addition for breeding or fattening purposes, this property represents a rare opportunity to secure prime basalt country spanning 430 acres. Don't let this chance slip away - such offerings in this area are seldom found.

Property History for 62 Nicholls Rd, Mummulgum, NSW 2469

A timeline of how this property has performed in the market
Last Sold
$1,000,000
05 Apr 2024
  • 12 Apr 2024
    Sold for $1,000,000
  • 19 Mar 2024
    Listed for Sale $1,000,000
  • 04 Jun 2021
    Sold for $849,000
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About Mummulgum 2469

The size of Mummulgum is approximately 47.4 square kilometres. It has 1 park covering nearly 10.5% of total area. The population of Mummulgum in 2011 was 261 people. By 2016 the population was 104 showing a population decline of 60.2% in the area during that time. The predominant age group in Mummulgum is 50-59 years. Households in Mummulgum are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mummulgum work in a managers occupation. In 2011, 77.4% of the homes in Mummulgum were owner-occupied compared with 73.6% in 2016..

Mummulgum has 62 properties. Over the last 5 years, Houses in Mummulgum have seen a 17.29% increase in median value. As at 31 August 2024:

  • The median value for Houses in Mummulgum is $318,851.
There are currently 1 property listed for sale, and no properties listed for rent in Mummulgum on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Mummulgum.

Suburb Insights for Mummulgum 2469

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Kate Morgan
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Mathew Morgan
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Raine & Horne - Casino
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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.