359 Riverbank RoadPimlico NSW 2478
Property Details for 359 Riverbank Rd, Pimlico
Last Listing description (June 2021)
Sitting on the bank of the Richmond River with approximately 960 metres of river frontage and less than 15 minutes by car or 5km by boat to Ballina is this 86.9 hectare property with 2 titles, house and building entitlement.
The 215 acre property is 97% arable and the current owners have been cropping soyabeans, rice and cane on its rich alluvial soils. This property would also lend itself to macadamias as seen by large new plantings around this area. The property has a 5 meg irrigation license and also a 2 meg stock and domestic licenses. It has a dam and a water course near northwestern boundary.
In the past the property was used as a dairy and would be able to be put back to grazing of cattle but would require re-fencing. The old dairy building still sits in the middle of the holding.
The property sits on two titles, one with building entitlement and the other has an early 1900s weatherboard home. The house has a new roof and timber floors throughout. It has 5 bedrooms (main bed with ensuite and walk-in wardrobes), sunroom, office, main bathroom, separate laundry, kitchen/dining room, large family room, 2-sided verandah (facing north and east to river) as well as a double enclosed garage. There are 2x5000 gallon and 1x1000 gallon water tanks.
Situated 40km from Lismore, 45km from Byron Bay and 15 minutes to Ballina, this property has it all - great farming country, fishing and fresh oysters on the riverbank at your front door, and just 8.7km down the river is the ocean. Ballina-Byron Airport is nearby with regular, direct flights to Sydney and Melbourne; Gold Coast Airport (with domestic and international flights) is only 1 hour and 15 minutes away, and Brisbane is less than 2.5 hours by car.
This is a great property for investment and agricultural development with huge future potential and water frontage so close to Ballina and Byron Bay.
Property History for 359 Riverbank Rd, Pimlico, NSW 2478
- 23 Dec 2020Sold for $1,248,900
- 19 May 2020Listed for Rent $485 / week
- 10 Mar 2020Listed for Rent $550 / week
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0About Pimlico 2478
The size of Pimlico is approximately 24.1 square kilometres. It has 1 park. The population of Pimlico in 2011 was 454 people. By 2016 the population was 297 showing a population decline of 34.6% in the area during that time. The predominant age group in Pimlico is 40-49 years. Households in Pimlico are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Pimlico work in a managers occupation. In 2011, 81.3% of the homes in Pimlico were owner-occupied compared with 77.6% in 2016.
Pimlico has 167 properties. Over the last 5 years, Houses in Pimlico have seen a 59.77% increase in median value. As at 31 October 2024:
- The median value for Houses in Pimlico is $1,123,325 while the median value for Units is $608,232.
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