OFF MARKET

404 Sherwood Creek Road
Upper Corindi NSW 2456

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 434100m2
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Property Details for 404 Sherwood Creek Rd, Upper Corindi

Building Type
Land
Land Size
434100m2
Local Government
Coffs Harbour
Lot/Plan
41/DP1212345

Last Listing description (March 2020)

Forget all former pricing this is an exciting opportunity for astute investors looking to secure long term rental income plus the capital growth on the land value. 43.41 hectares positioned on the mid north coast, a region renowned for excellent rain fall and a plentiful farming climate.

- Excellent rental returns on offer with the scope to improve further

- Currently five agricultural leases and two residential leases
- Each agricultural lease holder has installed significant infrastructure
- Lease holders have access to adequate water supply
- Three dams totaling 11 megalitres
- Leases mostly 10 years with a 10 year option, leases are registered
- The sellers are committed to securing a sale on or before auction day
- Guaranteed income for the long term plus capital growth of the land value
- This is a rare opportunity, more financial details can be provided on enquiry

Property History for 404 Sherwood Creek Rd, Upper Corindi, NSW 2456

A timeline of how this property has performed in the market
Last Sold
$1,200,000
03 Nov 2015
  • 21 Aug 2019
    Listed for Sale $1,400,000
  • 03 Nov 2015
    Sold for $1,200,000
  • 15 Dec 2010
    Sold for $700,000

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About Upper Corindi 2456

The size of Upper Corindi is approximately 64.7 square kilometres. It has 2 parks covering nearly 32.9% of total area. The population of Upper Corindi in 2011 was 231 people. By 2016 the population was 146 showing a population decline of 36.8% in the area during that time. The predominant age group in Upper Corindi is 50-59 years. Households in Upper Corindi are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Upper Corindi work in a managers occupation. In 2011, 81.7% of the homes in Upper Corindi were owner-occupied compared with 86% in 2016..

Upper Corindi has 105 properties. Over the last 5 years, Houses in Upper Corindi have seen a 94.98% increase in median value. As at 31 October 2024:

  • The median value for Houses in Upper Corindi is $1,231,174.
There are currently 1 property listed for sale, and no properties listed for rent in Upper corindi on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Upper corindi.

Suburb Insights for Upper Corindi 2456

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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.