You will be hard pushed to find better buying in the New England at around $670 per dse this property offers outstanding value when taking into consideration the quality of improvements fencing, water, reliable rainfall and its diversity.
A very well balanced and easy to manage property with excellent improvements, good fencing, and central laneway system making for easy stock movement and 500ac basalt cultivation ( 150ac currently being sown to oats) balance open grazing county.
Currently carrying a huge body of feed the property is literally a turnkey operation with no money needed to be spent to become a productive unit, and still offers plenty of scope for further improvement.
Property Details
1 160 ha 2868 ac (plus closed roads of approx. (27ha 70ac) Lots 17,21,23,24 in Dp 750067
Location
Approx 80 km North East Inverell, 62kms NW Glen Innes, 375 km South of Brisbane. Property features good frontage to Rocky Creek Rd (all weather gravel ) Access from Glen Innes is predominantly sealed, Unsealed and sealed to Inverell, Ashford and Emmaville.
Services
Mains Power, adequate mobile coverage, school bus, schooling Emmaville, Ashford, Glen Innes.
Basic Supplies Emmaville and Ashford, Inverell and Glen Innes major centres with appropriate schooling, shopping and agricultural services.
Topography/Soils
Property runs from soft alluvial creek flats onto open grazing hills with altitude ranging from 650 to 750m approx.
The property features a range of soil types from alluvial creek flats, red and black basalt cultivation and grazing country though to trap and transitional basalt to trap soil types with some areas of granite.
Approximately 500ac has been cultivated of which black basalt is the predominant soil type.
Pastures/Timber
Mungo park is currently carrying a very good body of feed having been only lightly stocked for the past 12 months. Pastures feature a very diverse range and multitude of species including but not limited to Phalaris, rye, kikuyu, varieties of broom grasses, white top, feather top bambatsi, fescue, coolatai, and many herbages both native and introduced including white clover, vetch, snail medic, trefoil, glycine, crows foot and many more.
Timber species are varied, predominantly include white and yellow box, apple, native olive or white wood and iron bark.
Water
Very well-watered including 35 dams, plus numerous springs and soaks, semi-permanent creeks which are the head waters to Rocky Creek.
Vendor has recently sunk 2 bores being of potable water quality, with one tested at 1000gph and the other at 330 gph. Water would be rated at good to excellent. Vendor has plans to develop these in the near future and as a result has purchased 2x5000 gallon water tanks and 17 cement troughs which will be included in the sale.
Ample rain water storage exists with 2 x 5000 g tanks on main home and a further 5000 g tank on the cottage.
Non potable or garden water is sourced from a nearby spring fed dam equipped with an electric pump.
Carrying Capacity
Vendor estimates a carrying capacity of 6000 dse made up of 300 cows and calves and 1000 dorper or merino ewes.
Historically the property has carried these numbers with previous owner/s having ran equivalent dse figures in a balance of ewes, wethers, cattle and a boer goat stud.
Fencing
A feature and is estimated to be 90% hinge-joint with top wires being barb and plain. Construction ranging from timber and steel end assemblies, with steel pickets. Recently 3 km of exclusion fence has been assembled on the SW boundary with an estimated 1 km remaining to complete the southern boundary. The property is subdivided into 20 main paddocks plus numerous holding paddocks and features a central laneway system for ease of management.
Fencing is rated as good +
Improvements.
Have been very well maintained and include
3brm 2 bathroom brick and tile homestead recently renovated with new kitchen and appliances, double shower en-suite off main, plus second bathroom, and new floor coverings, undercover solar heated pool/outdoor entertaining area and double garage
2 brm cottage is constructed of timber and iron with Masonite cladding features near new kitchen, 2 large bedrooms, polished floors and renovated bathroom with shower over bath, and shady veranda.
To compliment the houses are numerous outbuildings including meat house, cool-room, double 3 sided garage/storage shed/workshop.
3 stand shearing shed (2 stands equipped) and sweating shed with a combined conservative estimate of 600 plus woolly sheep holding capacity. Sheep yards are predominately steel and in good condition.
Numerous machinery and storage sheds exist and include a 20 x 13 m (approx.). 3 sided timber and iron shed with attached 24 x 10 m open fronted shed with a lockable bay, 20 x 10 x 6 m approx steel hay/machinery shed.
Quality set of steel cattle yards with cement race and apron, loading ramp with undercover vet crush with chin bar and weigh scales
Grain storage is more than adequate for a property of this size and amounts to approx. 400 tonne of storage in a range or both flat and conical based silos.
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The size of Yellow Dam is approximately 108.3 square kilometres. It has 1 park covering nearly 9.6% of total area. The population of Yellow Dam in 2011 was 885 people. By 2016 the population was 6 showing a population decline of 99.3% in the area during that time. The predominant age group in Yellow Dam is 50-59 years. Households in Yellow Dam are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Yellow Dam work in a managers occupation. In 2006, 18.5% of the homes in Yellow Dam were owner-occupied compared with 71.9% in 2011..
Yellow Dam has 18 properties. Over the last 5 years, Houses in Yellow Dam have seen a 10.71% increase in median value. As at 30 September 2024:
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