This is a rare opportunity to purchase a level building block of 2106 square metres (just over a half acre) only 2 hours from Sydney, with salt water frontage and navigable access to Nelson Bay & Port Stephens. The building envelope is cleared to shade trees and very private. Only 30 minutes drive from Raymond Terrace, the last few kilometres being an all weather road, easily drivable in the family sedan and regularly maintained by Council. We have been told that The Branch Lane is to be tar sealed, with works commencing this year. The block is not fenced although boundary markers are in place. Being on The Branch River, there are some mangroves around, providing the perfect breeding ground for big tasty mud crabs, the regular dolphin visitors, plus all manner of Estuary fish. This block could be purchased as a weekend getaway, to build a home or as an investment. Whilst the block does have a building entitlement, it should be noted that mains power is approximately 1 kilometre away. (Lot 78 Larpent Avenue is also being offered for sale and is 2428 square metres)
There is also the opportunity of Vendor finance to the right applicant.
Directions; Drive north from Sydney up the M1 freeway, eventually over the Hexham Bridge. Continue approximately 20kms then turn left onto The Bucketts Way. Drive north approximately 20kms then turn right into the Booral Road. Follow the Booral/Buladelah Road approx. 4kms including onto the gravel, then turn right into The Branch Lane. The first few kilometres are tar sealed. At the junction with Warraba Road, The Branch Lane becomes an all weather gravel road. Follow the road for approx. 3 kms and there is a locked gate on the right side being Wharf Road. Unlock the gate and drive approx. 300 metres then turn left into Myola road. Continue approx. 250 metres straight into Larpent Avenue with the blocks on the left side through the scrub.
The size of The Branch is approximately 107.2 square kilometres. It has 2 parks. The population of The Branch in 2011 was 350 people. By 2016 the population was 79 showing a population decline of 77.4% in the area during that time. The predominant age group in The Branch is 50-59 years. Households in The Branch are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Branch work in a trades occupation. In 2011, 73.5% of the homes in The Branch were owner-occupied compared with 86.6% in 2016.
The Branch has 147 properties. Over the last 5 years, Houses in The Branch have seen a 10.17% increase in median value. As at 31 October 2024:
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