OFF MARKET

850 Newell Highway
Wyalong NSW 2671

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7763700m2
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Property Details for 850 Newell Hwy, Wyalong

Building Type
Commercial
Land Size
7763700m2
Local Government
Bland
Lot/Plan
163/DP750615

Last Listing description (March 2024)

Located *8km east of West Wyalong on the Newell Highway, 'Eastleigh is a 1,814ha (4,484 acre) property currently being used for broad acre farming. Under current management, a sound cropping rotation consisting of wheat, barley, canola and vetch has been used across the years to maximise production and improve the soils. A targeted soil improvement program consisting of lime and gypsum applications across the farm has helped improve productivity under present management. Full cropping records are available on request.

A feature of the property is the large paddock sizes. The farm is currently divided into four separate zones with no fences between these zones. Sowing can commence on one side of the property and finish on the other side without one gate having to be navigated. Long runs with very few paddock trees mean paddock operations are quick and efficient. The 2023 cropping program consists of 489ha of wheat, 430ha of canola, 416ha barley and 443ha of vetch.

Another strategic feature of the property is the *8km of well formed all weather gravel roads which run throughout the property. These roads allow for easy transportation of product to and from the property no matter what weather conditions are prevailing.

Town water is connected to the property ensuring clean spraying water at all times. The water feeds into tanks at a central point from which spraying operations are conducted.

Trees have been planted along roads to provide protection and wildlife corridors to offset the large mainly treeless cropping paddocks.

The current owners use a full contract team for all aspects of their farming operation and the team have indicated they would be willing to continue working with the new owners.

Key infrastructure on the property includes:

• 2 houses
• 4 stand shearing shed
• steel sheep yards with loading ramp
• machinery shed
• 12 grain and fertiliser silos
• chemical shed
• two machinery sheds (one with workshop)
• storage sheds

Summary:

'Eastleigh' comes to the market at a time when large scale cropping assets are difficult to find. The beauty of this property is the new owners can immediately begin farming without having any development work to do. Any interested parties have the option to either purchase the property with crop or opt for an after harvest delivery. Inspections are highly recommended.

Sales Process:

'Eastleigh' is being offered for sale through a two-stage Expression of Interest process. The first stage will run until 10:00 am on Friday 11th August and will seek non-binding offers from interested parties. Stage two will be a period of price discovery and negotiation between the vendor and interested parties with the aim of acceptance of a fully binding offer by the vendor.

*approximate

Property History for 850 Newell Hwy, Wyalong, NSW 2671

A timeline of how this property has performed in the market
Last Sold
$3,632,015
19 Feb 2016
  • 30 Jun 2023
    Listed for Sale Not Disclosed
  • 19 Feb 2016
    Sold for $3,632,015
  • 23 Sep 2015
    Sold for $3,634,079

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About Wyalong 2671

The size of Wyalong is approximately 354.9 square kilometres. It has 7 parks covering nearly 1% of total area. The population of Wyalong in 2011 was 851 people. By 2016 the population was 659 showing a population decline of 22.6% in the area during that time. The predominant age group in Wyalong is 50-59 years. Households in Wyalong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wyalong work in a trades occupation. In 2011, 73.2% of the homes in Wyalong were owner-occupied compared with 73.2% in 2016.

Wyalong has 518 properties. Over the last 5 years, Houses in Wyalong have seen a 62.77% increase in median value, while Units have seen a 38.34% increase. As at 31 October 2024:

  • The median value for Houses in Wyalong is $252,506 while the median value for Units is $384,799.
There are currently 3 properties listed for sale, and no properties listed for rent in Wyalong on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Wyalong.

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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.