SOLD
Sold on 20 Nov 2023 for $750,000

396 Gungas Road
Nimbin NSW 2480

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 166m2
Land area: 19080m2
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Property Details for 396 Gungas Rd, Nimbin

396 Gungas Rd, Nimbin is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 19080m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom House sold in Nimbin in the last 12 months.

Building Type
House
Floor Size
166m2
Land Size
19080m2
Local Government
Lismore
Lot/Plan
1/DP589135

Last Listing description (April 2018)

What price can you put on a piece of nature at its finest? This amazing property will give the new owner a totally private piece of paradise with one of the best sections of creek in the area, changing from rapids to swimming holes to bubbling water as it skirts the artistic home. Enveloping the whole of the land in a 'horseshoe', the creek is visible from the buildings, and can be heard at all times along with the sound of birds - simply magic! Such privacy, yet you could walk to Nimbin Village.
The owner has recently returned to her property to restore the buildings and gardens to their former glory - an undertaking well under way. There is however still room for the purchaser to put their own stamp on the restoration.
At this price the property represents one of the best bargains around. There is a beautifully constructed main dwelling featuring a multi-angled timber-lined ceiling. It has 3 x bedrooms (including one loft-style) open plan kitchen/living and 1 x bathroom and a wide deck overlooking the pretty stone self contained 1 x bed 1 x bath studio. The vendor has spent a great deal ensuring that the infrastructure is high-end, so whilst there is some labour involved in this restoration, there is little to spend. The second dwelling AND a self contained caravan conversion also represent the ability make extra income through tenancy. A truly unique rainforest paradise.

Ring John for your private inspection on 0428 200 288.

Property History for 396 Gungas Rd, Nimbin, NSW 2480

A timeline of how this property has performed in the market
Last Sold
$750,000
20 Nov 2023
  • 20 Nov 2023
    Sold for $750,000
  • 11 May 2018
    Sold for $535,000
  • 18 Mar 2018
    Listed for Sale $565,000
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About Nimbin 2480

The size of Nimbin is approximately 72.9 square kilometres. It has 5 parks covering nearly 3.1% of total area. The population of Nimbin in 2011 was 1,667 people. By 2016 the population was 1,474 showing a population decline of 11.6% in the area during that time. The predominant age group in Nimbin is 50-59 years. Households in Nimbin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nimbin work in a professional occupation. In 2011, 69.4% of the homes in Nimbin were owner-occupied compared with 68.8% in 2016.

Nimbin has 953 properties. Over the last 5 years, Houses in Nimbin have seen a 71.31% increase in median value, while Units have seen a 91.57% increase. As at 31 August 2024:

  • The median value for Houses in Nimbin is $686,253 while the median value for Units is $509,305.
  • Houses have a median rent of $540.
There are currently 39 properties listed for sale, and 3 properties listed for rent in Nimbin on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Nimbin.

Suburb Insights for Nimbin 2480

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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.