OFF MARKET

397 Gungas Road
Nimbin NSW 2480

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Land area: 61530m2
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Property Details for 397 Gungas Rd, Nimbin

Building Type
Land
Year Built
1910
Land Size
61530m2
Local Government
Lismore
Lot/Plan
8/DP813453

Last Listing description (August 2010)

FARMHOUSE
* 12 acres
* 10 mins Nimbin

* Beautiful views
* Income potential
* Large shed
Perched on the top of a ridge only 5 minutes drive north of Nimbin is this majestic turn of the century cedar home.The property has 1800 established Tahitian Lime trees set on 12 acres. There is also a 5 bay machinery shed with cool room, The family home has 15 foot high pressed metal ceilings, 3 large bedrooms, living and family rooms plus two toilets and enclosed verandas. Light spacious and tastefully renovated, it has plenty of room for the growing family

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Property History for 397 Gungas Rd, Nimbin, NSW 2480

A timeline of how this property has performed in the market
Last Sold
$500,000
01 Sep 2010
  • 10 Jul 2024
    Sold
  • 15 Mar 2012
    Listed for Sale SOLD - $500,000
  • 01 Sep 2010
    Sold for $500,000
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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 38 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.

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