OFF MARKET

Suez Road
Rainbow Reach NSW 2440

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 245600m2
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Property Details for Lot 63 Suez Rd, Rainbow Reach

Building Type
Commercial
Land Size
245600m2
Local Government
Kempsey
Lot/Plan
63/DP570964

Last Listing description (October 2024)

Approximately 60 acres or 24.5 Ha sitting just 6 kilometres out of South West Rocks with an older style but very well presented home could be the very best investment that you are looking for.
If you are a little rural orientated, want to run a few cattle and still collect some rent, then this is an opportunity not to be missed.

With the capacity to run 30/35 cows and calves and the 3 bedroom home to return in the vicinity of $450.00 per week this is a pretty handy dual stream investment.
Very well fenced, good cattle handling facilities, sealed road and all the services just minutes from the river, town centre and beaches of South West Rocks.
This could be everything you are looking for.

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Property History for Lot 63 Suez Rd, Rainbow Reach, NSW 2440

A timeline of how this property has performed in the market
Last Sold
$420,000
29 Sep 2015
  • 27 Mar 2024
    Listed for Sale $880,000
  • 29 Sep 2015
    Sold for $420,000
  • 08 May 2015
    Listed for Sale Not Disclosed
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About Rainbow Reach 2440

The size of Rainbow Reach is approximately 14.9 square kilometres. It has 1 park. The population of Rainbow Reach in 2011 was 465 people. By 2016 the population was 80 showing a population decline of 82.8% in the area during that time. The predominant age group in Rainbow Reach is 50-59 years. Households in Rainbow Reach are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rainbow Reach work in a managers occupation. In 2011, 78.8% of the homes in Rainbow Reach were owner-occupied compared with 88.2% in 2016..

Rainbow Reach has 50 properties. Over the last 5 years, Houses in Rainbow Reach have seen a 78.11% increase in median value. As at 31 October 2024:

  • The median value for Houses in Rainbow Reach is $1,163,847 while the median value for Units is $216,768.
There are currently 3 properties listed for sale, and no properties listed for rent in Rainbow reach on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Rainbow reach.

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