OFF MARKET

520 Moonem New Italy Road
New Italy NSW 2472

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 105m2
Land area: 252200m2
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Property Details for 520 Moonem New Italy Rd, New Italy

520 Moonem New Italy Rd, New Italy is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 252200m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Year Built
1970
Floor Size
105m2
Land Size
252200m2
Local Government
Richmond Valley
Lot/Plan
3/DP608768

Last Listing description (March 2023)

This 25Ha or 61 acre flood free property is only 7km from the M1 motorway but you feel as though you are miles from anywhere!!

Situated on the property is a three bedroom hardi-plank cladded home which is completely off-grid. The solar system will run all modern day appliances and has a large nine battery back-up system. The sheds also have solar power along with solar hot water system. (There is also a diesel backup generator) Mains 240v power is approximately 600 metres from the house and the current owner had the house wired to accommodate 240v power in the future.

The bedrooms are a good size with the main bedroom being on the north eastern corner of the house. At the rear of the house there is a spacious family/sunroom. The bathroom is a two way bathroom and has linen storage and shower cubicle.

The main kitchen has gas appliances and is 'U' shaped and is very functional. The second kitchen has a slow combustion fuel stove and could easily be converted into another room such as a study or something similar.

Outside the home, there are two concrete tanks inter-connected supplying rainwater, along with a two bay lock up garage and a two bay carport area. The garage was utilised as a dwelling whilst the main house was being built so the garage could be a second dwelling or a small studio/teenagers retreat. (STCA)

The property is fully fenced and livestock proof and would be suitable for horses or cattle. A windmill is located at a bore which supplies water to the livestock.

Around the infrastructure there is approximately ten to fifteen acres of cleared land with the remaining land lightly timbered with plenty of shade trees or some millable fencing timber. The boundary fencing has been cleared and you can drive around the whole property.

As mentioned the property was not dramatically affected by the February/March flood except for flood waters reaching the western boundary fence line. The infrastructure remained high and dry during the flood event, although nearby roads were closed.

It is hard to believe the M1 on-ramp is only 7km away from this property, with the beaches only another 20km. The Ballina Byron airport is 60km from the property, with shops for bread and milk, schools and public transport 16km away.

This is a property that has all the conveniences including no electricity bills, but has the potential for the new owners to make their mark on this one. Call to inspect.

Property History for 520 Moonem New Italy Rd, New Italy, NSW 2472

A timeline of how this property has performed in the market
Last Sold
$600,000
01 Feb 2023
  • 01 Feb 2023
    Sold for $600,000
  • 07 Dec 2022
    Listed for Sale UNDER OFFER
  • 03 Aug 2022
    Sold

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About 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 160 properties. Over the last 5 years, Houses in New Italy have seen a 65.54% increase in median value. As at 31 July 2024:

  • The median value for Houses in New Italy is $906,604.
There are currently 5 properties listed for sale, and no properties listed for rent in New italy on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in New italy.

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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.