SOLD
Sold on 20 May 2024 for $4,900,000

138 Prestons Lane
Oakwood NSW 2360

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 3526000m2
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Property Details for 138 Prestons Lane, Oakwood

Building Type
Rural
Land Size
3526000m2
Local Government
Inverell
Lot/Plan
1/DP113791

Last Listing description (September 2024)

AREA: 352.6 ha ( 871.2 ac) Freehold.

Inverell Shire Council. Northern Tablelands LLS.

SITUATION: Situated on the tightly held Bannockburn Plain with some of the best cultivation in the Inverell district. 22km from Inverell, 30km from Delungra, 25km from Graman (approx.).

SERVICES: Power. Phone. Primary and Secondary schools at Inverell. Mail delivery 3 times per week. Air services from Inverell & Armidale to Brisbane & Sydney. Rail services from Uralla, Armidale, Tamworth. Saleyards at Inverell, being the 6th largest selling centre in the state, weekly fat cattle sales, fortnightly sheep sales and monthly store cattle sales. Export abattoir at Inverell. 3 major feedlots in the Inverell area. Inverell is one of the major shopping and service centres of Northern NSW.

COUNTRY: Flat to Undulating. Altitude: 600-630m ASL.

SOIL: Deep black self-mulching basalt soils.

ARABLE AREA: 283 ha (700 ac).

PASTURE DEVELOPMENT: Fertiliser history on grass country. 283ha (700ac) country fallowed, pre-sown with Urea.

TIMBER: Yellow box.

WATER: 7 dams. 4 equipped bores, 1 electric submersible used through house & spraying, reticulating to 10 troughs. 3 windmills.

RAINFALL: 785mm (31inch) p.a.

FENCING: Very good.

IMPROVEMENTS: 4 bedroom, 2 bathroom weatherboard home with evaporative cooling, high ceilings and large windows throughout. Kitchen with walk-in pantry, dishwasher, modern stove & original Aga oil range cooker, lounge room, separate dining room, sunroom, ceiling fans throughout, internal laundry.

2 bay garage.

MACHINERY SHED: Large steel frame machinery shed. Small machinery shed with power.

GRAIN/FODDER: 100 tonne cone base silo. 250 tonne flat bottom silos. Raised grain shed.

WOOLSHED: 2 stand shearing shed with very good steel & timber yards.

STOCK YARDS: Steel cattle yards with head bale.

PRICE: Expressions of Interest.

Closes Wednesday 15th May 2024, if not sold prior. All offers are to be received in writing to wally@rdrrealestate.com.au or to our office at 24 Otho Street, Inverell.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable. We cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own enquiries.

Property Code: 1104

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Property History for 138 Prestons Lane, Oakwood, NSW 2360

A timeline of how this property has performed in the market
Last Sold
$4,900,000
20 May 2024
  • 20 May 2024
    Sold for $4,900,000
  • 02 Apr 2024
    Listed for Sale Expressions of Interest
  • 29 May 2009
    Sold for $1,750,000
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About Oakwood 2360

The size of Oakwood is approximately 152.3 square kilometres. The population of Oakwood in 2011 was 396 people. By 2016 the population was 156 showing a population decline of 60.6% in the area during that time. The predominant age group in Oakwood is 40-49 years. Households in Oakwood are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Oakwood work in a managers occupation. In 2011, 80.2% of the homes in Oakwood were owner-occupied compared with 70.4% in 2016..

Oakwood has 94 properties. Over the last 5 years, Houses in Oakwood have seen a 14.57% increase in median value. As at 30 September 2024:

  • The median value for Houses in Oakwood is $372,561.
There are currently no properties listed for sale, and no properties listed for rent in Oakwood on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Oakwood.

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