115 Melaleuca RoadNew Italy NSW 2472
Property Details for 115 Melaleuca Rd, New Italy
Last Listing description (January 2023)
An amazing and unusual opportunity exists for the potential buyer looking for a 7 ha block to build on whilst having access to approximately 138 ha of paperbark forest and wetland stretching out to the Rocky Mouth Creek.
138 ha of the land is protected under a Biobank agreement started in May 2019. The agreement offers an annual income for the maintenance of the protected land averaging $8,000 per year or $155 per week.
Maintenance requirements for the biobank agreement include:
Pest and Weed Control
Yearly report to demonstrate compliance with Biodiversity Stewardship Agreement
There is ample opportunity to generate additional species credits to be sold, with the current owners having completed initial investigations. Please enquire below for more information or visit http://www.bct.nsw.gov.au/general-resources.
The 7 ha block is accessed from the Crown Road at the very south end and is located at the highest part of the property. It has been semi-cleared with a new steel post fence separating the biobanked area with the remaining land. This elevated area would make a perfect spot for an off the grid home to take advantage of the peaceful surrounds.
Property History for 115 Melaleuca Rd, New Italy, NSW 2472
- 04 May 2022Listed for Sale By negotiation $300,000 - $330,000
- 25 Jun 2020Listed for Sale $300,000
- 07 Jul 2017Listed for Sale $300,000
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0About New Italy 2472
The size of New Italy is approximately 61.7 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of New Italy in 2011 was 296 people. By 2016 the population was 181 showing a population decline of 38.9% in the area during that time. The predominant age group in New Italy is 60-69 years. Households in New Italy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Italy work in a trades occupation. In 2011, 85.7% of the homes in New Italy were owner-occupied compared with 86.9% in 2016..
New Italy has 158 properties. Over the last 5 years, Houses in New Italy have seen a 43.69% increase in median value. As at 31 October 2024:
- The median value for Houses in New Italy is $1,100,245.
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