OFF MARKET

198 Gungas Road
Nimbin NSW 2480

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4660m2
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Property Details for Lot 1/198 Gungas Rd, Nimbin

Building Type
Land
Land Size
4660m2
Local Government
Lismore

Last Listing description (December 2018)

Up for sale is the very first block in Nimbin's newest development, Nightcap Vista Estate.
This property offers the opportunity to live looking over a rural setting with the luxuries of a residential block. Boasting town water, electricity, dual entrances and an already flattened pad to build your new home, it's ready to go! Mulgum creek is within a 1 minute walk and Nimbin Village a convenient 3.7km away.
The block is a large yet manageable 4660sqm with a water-way running through it, Underground power to the block, and as it is stage 1 of the development, your view will never be build out. vacant land parcels are becoming a rarity in Nimbin and the demand for our area is only growing. Secure yourself a great piece of land like this one by calling Uri today.

Property History for Lot 1/198 Gungas Rd, Nimbin, NSW 2480

A timeline of how this property has performed in the market
  • 13 Aug 2018
    Listed for Sale Awaiting Price Guide

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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 952 properties. Over the last 5 years, Houses in Nimbin have seen a 68.35% increase in median value, while Units have seen a 80.29% increase. As at 31 October 2024:

  • The median value for Houses in Nimbin is $678,172 while the median value for Units is $476,884.
  • Houses have a median rent of $498.
There are currently 41 properties listed for sale, and 2 properties listed for rent in Nimbin on OnTheHouse. According to CoreLogic's data, 38 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.