Online Auction Link: https://buy.realtair.com/properties/110099
Area: 198.4 hectares or 490.2 acres
Location: Drumalbyn is located in the well regarded Ogunbil District, being 46km South East of Tamworth on the banks of the Dungowan Creek. The Peel and Dungowan valleys are renown for quality soils, water and hay production, with Dungowan (only a short drive away) is home to the Dungowan Cowboys Rugby League club and the Dungowan Pub, while also hosting several campdrafts each year.
Country: A quality mix of country, with arguably the key feature being the soft alluvial creek flats on the banks of the Dungowan Creek. Ideally suited to high performance fodder crops, surrounding properties are home to some of the best lucerne in the district. Supporting country includes open gently undulating grazing country and some steeper timbered areas. The property would suit a combination of breeding and fattening cattle, fat lambs and hay production.
Home: the home on Drumalbyn is a modern 3 bedroom + office brick home with walk-in robe and en suite to the main bedroom, large living areas, 9 foot ceilings, front verandah and back porch. Heating and cooling is supplied by ducted reverse cycle air conditioning and large wood fire. The home enjoys a scenic view across the creek flats and is well supported by an in-ground pool and two sheds fully lockable with accommodation for 6 cars.
Water: water is a feature of the property, featuring 161 megalitre Dungowan Creek irrigation licence, stock and domestic well equipped with solar pump pumping to header tanks and reticulating, approx. 2km double frontage to Dungowan Creek and 600m single frontage. The home is serviced by rainwater. The Dungowan Pipeline traverses the property and provides stock water, while there is a further unequipped well.
Infrastructure: a very well improved property, with shedding a key feature. Adjacent to the home is two sheds with concrete floors and double carport, a separate four back lockable machinery shed with high clearance (two bays concrete floors) approx. 12m x 16m, 2 other large hay sheds enclosed on three sides, steel cattle yards with undercover working area, woolshed and attached sheep yards.
Comments: being sold alongside the adjoining Kara (81.3 hectares or 201 acres). Both properties have been listed for genuine and outright sale. An inspection is recommended, please contact Riley Gibson on 0417 441 688 or Baden Chaffey on 0488 697 416 to arrange a viewing.
Click here to register for auction: https://buy.realtair.com/properties/110099
The size of Ogunbil is approximately 179.8 square kilometres. It has 2 parks covering nearly 1.9% of total area. The population of Ogunbil in 2011 was 523 people. By 2016 the population was 156 showing a population decline of 70.2% in the area during that time. The predominant age group in Ogunbil is 50-59 years. Households in Ogunbil are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ogunbil work in a trades occupation. In 2011, 79.2% of the homes in Ogunbil were owner-occupied compared with 79% in 2016..
Ogunbil has 90 properties. Over the last 5 years, Houses in Ogunbil have seen a 38.26% increase in median value. As at 30 November 2024:
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