62 Millbank RoadTerara NSW 2540
Property Details for 62 Millbank Rd, Terara
62 Millbank Rd, Terara is a 5 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 20390m2. While the property is not currently for sale or for rent, it was last sold in May 2013.
Last Listing description (May 2013)
Rare once in a lifetime opportunity, this prime Terara acreage has been held by the one family for 105 years.
Forming part of the original De Mestre estate the highly regarded 60 acres of farmland is currently used primarily for vegetable growing and research indicates this practice dates back to 1911. Also the property has been used for grazing purposes.
At the end of the leafy tree lined driveway is the charming (elegant) weatherboard homestead (circa 1915) which enjoys a commanding position, with extensive views overlooking the acreage, and nearby Terara village and through to the escarpment.
Farm improvements is a Colorbond shed with concrete floor and power plus a large iron clad hay shed. Town water is available plus irrigation water is available on farm.
'Rosebank' is a property full of colourful local history that is situated five minutes from Nowra, two minutes to the Shoalhaven River and a leisurely 15 drive to the coast.
Property History for 62 Millbank Rd, Terara, NSW 2540
- 22 May 2013Sold for $850,000
- 08 Mar 2013Listed for Sale Offers Above $1.75m
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0About Terara 2540
The size of Terara is approximately 8.9 square kilometres. It has 3 parks covering nearly 0.7% of total area. The population of Terara in 2011 was 241 people. By 2016 the population was 217 showing a population decline of 10.0% in the area during that time. The predominant age group in Terara is 60-69 years. Households in Terara are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Terara work in a trades occupation. In 2011, 66.7% of the homes in Terara were owner-occupied compared with 73.7% in 2016..
Terara has 203 properties. Over the last 5 years, Houses in Terara have seen a 59.73% increase in median value. As at 31 October 2024:
- The median value for Houses in Terara is $823,654 while the median value for Units is $422,954.
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