OFF MARKET

458 Farrawells Road
Telegraph Point NSW 2441

Bedrooms: 5
Bathrooms: 3
Car spaces: 10
Land area: 445000m2
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Last updated 16 Sep 2024
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Property Details for 458 Farrawells Rd, Telegraph Point

458 Farrawells Rd, Telegraph Point is a 5 bedroom, 3 bathroom House with 10 parking spaces. The property has a land size of 445000m2.

Building Type
House
Land Size
445000m2
Local Government
Port Macquarie-Hastings
Lot/Plan
1/DP1252894

Last Listing description (August 2024)

Positioned just a short 21-minute drive from the main street of Port Macquarie is this highly productive and beautifully presented rural property.

Upon entering the Canary Island Palm lined driveway, you immediately sense the prestige attached.

Arriving at the crest of a hill, the private garden setting welcomes you to the main homestead, and it is at this point you truly appreciate the properties astounding gardens of over 375 canary island palms, 1.8km of hedges, hundreds of shrubs and trees, plus an orchard of more than 60 exotic fruit trees.

The homestead showcases hardwood floors, expansive living areas, a modern kitchen, 3 bedrooms and 2 bathrooms, and features a large enclosed sunroom with a luxurious in-built spa.

Additional accommodation can be found in a secluded two-bedroom cottage, with a large lounge and dining area plus a sunny north facing deck. (Which could produce $400 PW* as a permanent rental or even higher returns as an AIRBNB operation)

Crestwood Park has been developed to be a wedding and event location, with magnificent canary palm lined avenues and romantic settings ideal for any wedding event. Weddings have proven to be highly lucrative, and fees start from $2,000* per event.

The property is also highly productive turning out in excess of 2000 large round bales per year, with a retail value of $75-$80* per bale in the current market, or have a contractor do the work and collect a royalty of $20* per bale.

Plus, the property has also proven to be a very popular location for camping, with guests staying by the easily assessable riverfront.

Other income sources come from the agistment of horses ( $500 PW* ) and the property also includes a commercial grade set of dog kennels, ideal for a Puppy Motel, breeding operation or perhaps a grooming business.

The property has excellent infrastructure for any rural pursuit which include, multiple open and closed sheds, stables and a round yard, plus the sale includes farm equipment and the furniture shown in the cottage.

The income potential of this property is simply amazing.

The options here are endless, continue as a wedding and event venue, or develop the property into a horse stud, Airbnb or just enjoy it as your own private rural resort.

For further information, please contact Martin Newell, the rural and lifestyle property specialist Martin Newell at Percival Property.

*Any potential purchaser should make their own enquiries to verify accuracy.

Property History for 458 Farrawells Rd, Telegraph Point, NSW 2441

A timeline of how this property has performed in the market
Listed for Rent
$440/w
21 Mar 2022
  • 13 Sep 2023
    Listed for Sale Not Disclosed
  • 03 Mar 2022
    Listed for Rent $440 / week
  • 21 Feb 2019
    Listed for Rent $365 / week
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About Telegraph Point 2441

The size of Telegraph Point is approximately 25.8 square kilometres. It has 1 park covering nearly 0.7% of total area. The population of Telegraph Point in 2011 was 618 people. By 2016 the population was 620 showing a population growth of 0.3% in the area during that time. The predominant age group in Telegraph Point is 50-59 years. Households in Telegraph Point are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Telegraph Point work in a trades occupation. In 2011, 83.8% of the homes in Telegraph Point were owner-occupied compared with 84.9% in 2016.

Telegraph Point has 308 properties. Over the last 5 years, Houses in Telegraph Point have seen a 56.31% increase in median value. As at 31 August 2024:

  • The median value for Houses in Telegraph Point is $787,310 while the median value for Units is $838,173.
There are currently 2 properties listed for sale, and no properties listed for rent in Telegraph point on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Telegraph point.

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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.