This rural hideaway is a great project with real benefits on completion. A 2.5 acre lightly treed allotment, with a relocated weatherboard home in need of finishing, which would give a lovely weekend bush retreat to unwind and recharge. This is an opportunity to go off grid - tank water and no power or sewerage available.
The property also offers a huge 20x8m shed - frame done and partly clad. With tranquility and lovely bush outlooks, this has great potential.
The size of Gormandale is approximately 93.2 square kilometres. It has 2 parks covering nearly 9% of total area. The population of Gormandale in 2011 was 443 people. By 2016 the population was 329 showing a population decline of 25.7% in the area during that time. The predominant age group in Gormandale is 50-59 years. Households in Gormandale are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gormandale work in a managers occupation. In 2011, 77.4% of the homes in Gormandale were owner-occupied compared with 85.5% in 2016..
Gormandale has 187 properties. Over the last 5 years, Houses in Gormandale have seen a 59.76% increase in median value, while Units have seen a 118.92% increase. As at 31 October 2024:
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