404 Sherwood Creek RoadUpper Corindi NSW 2456
Property Details for 404 Sherwood Creek Rd, Upper Corindi
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
- 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
- 21 Aug 2019Listed for Sale $1,400,000
- 03 Nov 2015Sold for $1,200,000
- 15 Dec 2010Sold for $700,000
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0About 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 91.83% increase in median value. As at 30 November 2024:
- The median value for Houses in Upper Corindi is $1,364,652.
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