Large Dual Occupancy
4 bedroom & 2 bathroom family home
2 bedroom & 2 bathroom adjoining unit
Editorial
It's right to say that a rural village or lifestyle property has "everything" in place.
But the property that is for auction sale on Friday 4 November at 11 am on site at 10 Eldorado-Tarrawingee Road on the main bitumen road leading into the delightful north east village of Eldorado clearly does.
Firstly, it sits on a freehold area of 4.65 hectares or 11.5 acres and it's in the township area with the local village within walking distance.
Next is the substantial brick veneer with Colorbond roof home that was built in the mid-1980s.
It has a total area under roof circa 550 squares
It sits in a delightful treed and fenced allotment and is set back comfortably on the block with a gravel driveaway from the roadside.
But that is only the outline as the substantial home is in two parts.
The main family portion has four large bedrooms, extensive living and dining spaces, all services including a modern kitchen, and it's a light filled spacious residential dwelling.
It is simply well set up for family living, enjoyment and relaxation.
Separated by a six metre wide paved walkway which also doubles as an entertaining, barbecue and outdoor living area is the adjoining but quite separate and self-contained two bedroom and two bathroom independent living unit.
All services are in place, with a combustion heater plus its own reverse cycle integrated air conditioning like the main homestead portion
Built under the same roofline it was originally built as an independent and self-contained living unit for an elderly relative it has a building area of 12 squares.
The purchaser at auction of this property can use this space to fulfill many occupancy or living purposes.
It could be a separate living unit for an extended or elderly family and children or used as overflow accommodation.
Then there are the commercial income producing opportunities especially as this sector of the home has its own driveway entry and a carport.
It could be operated as an Air B& B, bed and breakfast business, or just as a rental income producing permanent dwelling.
The property has other features as well including the fenced sand tennis court, a separate steel storage, machinery or garden shed.
Currently used as a workshop and storage this building can also be garaging for two vehicles.
There is also a 110,00 litres of rain water tank storage while this property holds a two megalitre Stock & Domestic pumping right from the nearby Reedy Creek equipped with an electric pump, which is used for garden and irrigation for productive needs.
The balance of the 4.65 hectare property is well fenced and well pastured and would be ideal to run a couple of head of cattle, a pony, or some other livestock interest while the landform and established trees create an attractive visual aspect.
The size of Eldorado is approximately 57 square kilometres. It has 5 parks covering nearly 112.5% of total area. The population of Eldorado in 2011 was 232 people. By 2016 the population was 380 showing a population growth of 63.8% in the area during that time. The predominant age group in Eldorado is 50-59 years. Households in Eldorado are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Eldorado work in a trades occupation. In 2011, 86% of the homes in Eldorado were owner-occupied compared with 87.6% in 2016..
Eldorado has 246 properties. Over the last 5 years, Houses in Eldorado have seen a 53.32% increase in median value. As at 31 October 2024:
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