SOLD
Sold on 13 Sep 2024 for $2,550,000

529 The Ridgeway
Tumbi Umbi NSW 2261

Bedrooms: 5
Bathrooms: 3
Car spaces: 5
Land area: 123200m2
Sold By
One Agency Coastwide
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Property Details for 529 The Ridgeway, Tumbi Umbi

529 The Ridgeway, Tumbi Umbi is a 5 bedroom, 3 bathroom House with 5 parking spaces. The property has a land size of 123200m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 5 bedroom House sold in Tumbi Umbi in the last 12 months.

Building Type
House
Land Size
123200m2
Local Government
Central Coast
Lot/Plan
2/DP1013804

Last Listing description (November 2024)

Coming to the market for the first time in almost 60 years, this iconic rural holding on The Ridgeway is an unparalleled opportunity. Perched on one of the highest and closest points along the coastline with breathtaking views across Terrigal and North Avoca to the ocean, this 30-acre property boasts lush, undulating horse paddocks and pristine subtropical rainforest with a diversity of wildlife ? a true haven of natural beauty.
This rural retreat offers diverse income-generating opportunities, including residential rental, horse agistment, a timber-fenced section of the property with independent access currently used by a fencing contractor. The acreage also has a long history of hosting weddings, providing a charming venue for special occasions.

The property features three dwellings in total, the main residence, a stand-alone separate dwelling, and a studio in the huge work shed. Perfectly positioned to take full advantage of the ocean views, the main residence features five bedrooms, three bathrooms, two upstairs living areas, an optional independently accessed teenage retreat with a full bathroom, and an undercover tiled entertaining deck with a luxurious Finlandia sauna.

? Long-held 30-acre rural property, elevated with ocean views
? 2 x cleared horse paddocks, 2 x dams + subtropical rainforest
? Tank water ? 6 x 3,500ltr tanks + 30,000ltr tank
? Main home is a Colorbond and brick residence, fantastic views
? 5 bedrooms + 3 bathrooms + 2 upstairs living areas
? Combined living, dining and kitchen area flowing to tiled deck
? Open-plan kitchen with a gas cooktop and separate wall oven
? New Canadian combustion fireplace and split-system a/c
? Tiled and covered entertaining deck with Finlandia Sauna
? Optional independently accessed teen retreat with bathroom
? Double carport + storage rooms + rooftop solar panels
? Separate dwelling with 2 bedrooms, full bathroom
? Combined living and dining area and a double garage
? Large work shed with studio living, kitchen and bathroom
? 10-15-minute drive to Forresters & Terrigal Beaches
. 15-minute drive to the M1 for coast & city commuting
. Once-in-a-lifetime opportunity to own an incredible rural retreat
Council Rates $791 Per Quarter

Disclaimer: Every precaution has been taken to establish the accuracy of the above information, which we have gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and it does not constitute any representation by the vendor or agent.

Property History for 529 The Ridgeway, Tumbi Umbi, NSW 2261

A timeline of how this property has performed in the market
Last Sold
$2,550,000
13 Sep 2024
  • 13 Sep 2024
    Sold for $2,550,000
  • 28 Jun 2024
    Listed for Sale $2,550,000 - $2,700,000

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About Tumbi Umbi 2261

The size of Tumbi Umbi is approximately 12.9 square kilometres. It has 17 parks covering nearly 2% of total area. The population of Tumbi Umbi in 2011 was 4,977 people. By 2016 the population was 5,101 showing a population growth of 2.5% in the area during that time. The predominant age group in Tumbi Umbi is 10-19 years. Households in Tumbi Umbi are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tumbi Umbi work in a professional occupation. In 2011, 74.7% of the homes in Tumbi Umbi were owner-occupied compared with 75.8% in 2016.

Tumbi Umbi has 2,180 properties. Over the last 5 years, Houses in Tumbi Umbi have seen a 54.84% increase in median value, while Units have seen a 50.23% increase. As at 30 November 2024:

  • The median value for Houses in Tumbi Umbi is $941,319 while the median value for Units is $648,903.
  • Houses have a median rent of $700.
There are currently 10 properties listed for sale, and 2 properties listed for rent in Tumbi umbi on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Tumbi umbi.

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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.